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August 20, 2024

Loan-to-Cost Ratio: What It Is & How to Calculate It

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The loan-to-cost ratio, also known as LTC, is a calculation that’s used to evaluate the costs of a commercial real estate project. It is calculated by taking the loan amount of a commercial mortgage and dividing it by the property’s total project costs. It is
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August 19, 2024

Special Event Insurance: Cost & Coverage

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Special event insurance is primarily a liability insurance policy for a business, vendor, or individual hosting an event. The policy provides coverage for injuries and damaged property, with additional options like weather cancellation. Unlike other policies, special event insurance is a policy with one payment,
Stacked coins with arrow pointing downward to imply depreciation.

August 16, 2024

What Is Bonus Depreciation? How It Works & How to Calculate

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Bonus depreciation is a form of accelerated depreciation that offers an immediate tax deduction, speeds up tax savings, and makes an asset that you placed in service more affordable.
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August 14, 2024

What Is Debt-to-Income Ratio & How to Calculate It

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Debt-to-income (DTI) ratio is a measure of your monthly debt obligations in relation to your monthly income. It’s calculated by taking the total dollar amount of your monthly debt payments, and then dividing it by your gross monthly income. Lenders often evaluate your DTI ratio to
Mallet of the judge and scale.

August 13, 2024

State & Federal Labor Laws Employers Need to Know in 2024

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Federal labor laws and related state labor laws affect all businesses with employees—even more so for companies with at least 50 workers. They govern workforce practices and areas such as overtime, minimum wage, on-call pay, employee breaks, sick leave, hiring minors, and employment discrimination. Labor
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August 12, 2024

Fixed Asset Roll Forward: Template & Explanation

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A fixed asset roll forward is an accounting process used to track changes in the fixed assets and accumulated depreciation accounts from the beginning to end of the year. It shows all fixed asset acquisitions, fixed asset disposals, and depreciation for the year, thus reconciling
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July 25, 2024

Current Ratio: What It Is & How It Works [+ Calculator]

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The current ratio, also commonly referred to as the working capital ratio, evaluates whether a company can cover its current liabilities with its current assets. The current ratio formula divides a company’s current assets by its current liabilities. It’s a useful calculation that can be
A calculator, pen and business reports.

July 25, 2024

Fixed Charge Coverage Ratio: What It Is & How to Calculate

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Fixed charge coverage ratio (FCCR) measures a company’s ability to cover its fixed expenses from its earnings. Lenders may evaluate this as one of several factors in determining whether you qualify for a loan, as well as what interest rate and loan terms you qualify
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July 24, 2024

Borrowing Base: What It Is & How to Calculate [+ Calculator]

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Borrowing base is a figure that refers to the largest loan amount you can get from a lender. It applies to secured loans and is calculated by taking the lender’s advance rate (sometimes also referred to as its loan-to-value limit) and multiplying it by the
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July 18, 2024

What Is ARV: After Repair Value Formula & How to Calculate

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A property’s after repair value (ARV) is a home’s estimated value after repairs, upgrades, and renovations have been completed. It is typically used by fix-and-flip and fix-and-hold investors to determine if a particular project will be profitable. A lender may also evaluate ARV as part
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July 15, 2024

Quick Ratio: What It Is & How to Calculate It [+ Calculator]

The quick ratio, also known as the acid-test ratio, calculates a company’s ability to cover its current liabilities by means of its current assets. It is a liquidity ratio used by a company’s stakeholders, investors, and lenders and takes a company’s quick assets—which are current
People working on a business reports.

July 9, 2024

Net Working Capital: What It Is & How to Calculate It

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Net working capital (NWC) is used to determine the financial health of a business by calculating the difference between a company’s current assets and current liabilities. You can use NWC to evaluate a company’s financial trends, growth projections, and solvency. You can use our calculator
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