Library / Corporate Finance Principles Framework
Jump to passage
In this reading

Link to current text

Published source confirmed at last check

Source changed 2026-10-03 05:29:54 UTC · snapshot created 2026-10-03 05:30:57 UTC · last check 2026-10-03 06:05:20 UTC

FIN.12:0 - Use this when

A financial plan approaches a covenant, borrowing limit or refinancing date, or a change may remove access to funds. Recover the actual test and available response before relying on headroom. A sufficient current covenant calculation can be used without rebuilding the contract analysis.