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Webinar Categories
- Key Elements in Commercial Business Analysis (1)
- Key Elements in Income Producing Property Analysis (1)
- Contractor Analysis (2)
- Healthcare Provider Analysis (3)
- Not for Profits and Municipality Analysis (3)
- Cash Flow Analysis (9)
- Projections and Debt Service (2)
- Conditions for Business Success (1)
- Loan Documentation (2)
- The Credit Write-Up (3)
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Webinars : filtered to view 'Projections and Debt Service'Copy / Share Link
...credit analysis for good and bad times
Webinar Topics (2)
Description
Enrollment Dates
1. Projections and Repayment Sources: Part I of II
... estimating tomorrow's cash flow
Participants review the mechanics and interpretation of financial projections under two different scenarios. In the first scenario, a borrower's projected income statement, balance sheet, and cash flow are identical to its income statement, balance sheet, and cash flow in the last historical period - except for proposed new debt. In the second scenario, a borrower's project financial and cash flow results are based on a continuation of the borrower's last actual values for its Business Drivers, i.e., last year's actual values for sales growth, gross margins, operating expenses as % of sales, accounts receivable days, etc. Participants review and examine the differences in the projection results under these two scenarios. They explore the reasons for the differences and assess the benefits and limitations of the two scenarios in providing a realistic estimate of future cash flow and debt coverage absent any input from company management.
2. Projections and Repayment Sources: Part II of II
... estimating tomorrow's cash flow
Participants incorporate soft data assessment into shaping "most likely" and "downside" projection assumptions for the Business Drivers. Using the last actual values for the Business Drivers, e.g., last year’s sales growth, gross margins, operating expenses as % of sales, accounts receivable days, etc., as the basis for projections, they examine all available information about management targets, competitive forces, and management competence in identifying compelling reasons to alter last actual values in the projection period. They assesses the results of a "most likely" or baseline projection scenario to identify a) borrowing causes, b) cash sources of interest-bearing debt service, c) the financing requirement or surplus, and d) the sources of cash to meet a financing requirement for a borrower or prospective borrower. Participants repeat the process for a "downside" projection scenario in which available soft data suggests further adjustments in an unanticipated crisis for one or more of the "most likely" Business Driver assumptions.