Debt Schedule and Covenant Compliance Template
Track all debt obligations and calculate covenant compliance. Demonstrate borrowing capacity and debt service ability.
How to use this template
List all debt instruments
Document each loan, note, bond, or other debt: lender name, original amount, interest rate, maturity date, terms and conditions.
Calculate principal and interest
Show current principal balance, annual interest rate, interest expense, and scheduled principal payments for next 3-5 years.
Calculate covenant metrics
For each covenant, calculate the metric: debt-to-EBITDA, interest coverage, minimum working capital, current ratio, etc.
Assess compliance
Compare calculated metrics to covenant thresholds. Document compliance status and headroom to covenant breaches.
Note restrictions and waivers
Document any financial restrictions, material adverse change clauses, or conditions in loan agreements. Note any waivers or amendments.
Why use this template
- Ensures compliance with debt covenants and avoids default
- Provides visibility into debt service obligations and capacity
- Supports lender reporting and covenant waiver negotiations
- Identifies need for refinancing or additional borrowing
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