Loan Covenant Compliance Schedule Template
Calculate and monitor loan covenant compliance metrics such as debt-to-EBITDA, interest coverage, and working capital requirements.
How to use this template
Extract loan terms
Document the covenant requirements from each loan agreement including calculation methods.
Calculate covenant metrics
Compute ratios such as leverage, interest coverage, and current ratio using financial statement data.
Compare to requirements
Determine whether the entity is in compliance with each covenant as of the measurement date.
Document waivers if needed
If non-compliance exists, document any obtained or pending waivers from lenders.
Prepare disclosure
Include covenant compliance disclosure in financial statements or footnotes as required.
Why use this template
- Ensures loan covenant compliance is monitored and documented
- Identifies covenant violations early for lender discussion
- Provides clear calculation methodology for covenant metrics
- Supports accurate debt disclosures in financial statements
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