Overview

This page  helps you understand how to create a new covenant ratio. As part of it, you need to specify a name for the new covenant ratio, select the type, and input the description. Once done, the covenant ratio will be created.

The below step-by-step instructions describe the process. 

What is a Covenant Ratio?

Covenant ratios will be of different types. These include financial ratios, documentation, and non-financial documentation. Covenants are to be submitted as per the schedule. If not, it will be considered as a breach and subject to penalties.

Creating a Covenant Ratio

1. On the Side Panel of Finvisage application, click Covenants, and then click  Covenant Ratios from the drop-down menu.

The Covenant Ratios page is displayed.

2. On the Covenant Ratios page, click the Menu button, and then click Add. See the image below.

The New Covenant Ratio dialogue box is displayed. 

3. In the New Covenant Ratio dialogue box:

A. In the Name field, specify a name for the covenant ratio.

B. From the Type drop-down box, select the ratio type choosing from Absolute, Percentage, or Fraction.

C. Specify a description for the covenant ratio. 

D. Click the Create button.

The covenant ratio is created and displayed on the Covenant Ratios page.

Related Topics

1. How to update a Covenant Ratio?

2. How to delete a Covenant Ratio?