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
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.
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?
We've covered this topic many times: mergersandinquisitions.com/cfa-for-investment-banking/ mergersandinquisitions.com/investment-banking-certification/
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.
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
Great illustration as always. Can you please illustrate the difference between project IRR vs Sponsor equity IRR in next episodes of project finance?
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.
너무 좋다 초ㅣ고!!!❤
시청해주셔서 고마워!
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?
We've covered this topic many times:
mergersandinquisitions.com/cfa-for-investment-banking/
mergersandinquisitions.com/investment-banking-certification/
question - Why Debt balance not discounted?
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.