The DSCR and LLCR: The North Stars of Project Finance?

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  • Опубликовано: 9 янв 2025

Комментарии • 9

  • @financialmodeling
    @financialmodeling  4 месяца назад +1

    Files & Resources:
    breakingintowallstreet.com/kb/project-finance/debt-service-coverage-ratio/
    breakingintowallstreet.com/kb/project-finance/loan-life-coverage-ratio/
    Table of Contents:
    0:00 Introduction
    0:42 The Short Version
    4:30 Part 1: Debt Sculpting and Sizing Uses (Quick Review)
    6:28 Part 2: Additional Items and Complexities
    9:24 Part 3: Variable Dates and Discount Rates
    11:22 Part 4: Multiple Debt Tranches
    12:51 Part 5: The DSCR and LLCR in Covenant Analysis
    14:47 Recap and Summary

  • @aabdelaal168
    @aabdelaal168 4 месяца назад +2

    Great illustration as always. Can you please illustrate the difference between project IRR vs Sponsor equity IRR in next episodes of project finance?

    • @financialmodeling
      @financialmodeling  4 месяца назад +1

      Thanks! Project IRR is just the IRR as if there's no leverage used, so you remove the debt, interest, principal repayments, etc. It should be lower for projects that perform well.

  • @닝닝닝
    @닝닝닝 4 месяца назад +1

    너무 좋다 초ㅣ고!!!❤

  • @xhesitase9729
    @xhesitase9729 4 месяца назад

    Hey Brian, could you share your thoughts on the CFA certification, what it entails, and whether you think it's worth the time for someone considering a career in finance/investments?

    • @financialmodeling
      @financialmodeling  4 месяца назад

      We've covered this topic many times:
      mergersandinquisitions.com/cfa-for-investment-banking/
      mergersandinquisitions.com/investment-banking-certification/

  • @arifarafat999
    @arifarafat999 4 месяца назад

    question - Why Debt balance not discounted?

    • @financialmodeling
      @financialmodeling  3 месяца назад

      The current Debt balance equals the Present Value of all future Interest Payments + Principal Repayments at the interest rate on the Debt, so it is actually discounted if you think about it like that.