AI Blocks › Handle money and investing
Net leverage covenant checker
Check contractual net leverage and debt headroom with an explicit cash-netting cap.
Net leverage covenant checker is a free AI skill for the job "Handle money and investing". Give the instructions to an AI assistant that supports the required files and tools, then review its output.
Free · No account · Made by AI Blocks · Level: advanced · Thinking: high
What it does
Net leverage, permitted debt and signed covenant headroom. Private credit covenants. Illustrative figures only. 100 less permitted cash20 leaves80 net debt; EBITDA20 gives4x and20 headroom at5x. EBITDA15 leaves-5 headroom.
You give it
- Signed test definition, dated included debt, eligible unrestricted cash, cash-netting cap, contractual EBITDA and maximum leverage ratio.
- Reporting date, currency and scale, fiscal calendar, accounting basis and authorized scope.
- Available spreadsheet tools and required native output format.
You get
- Net leverage, permitted debt and signed covenant headroom.
- An illustrative editable workbook, input schema, executable calculation reference and golden test cases.
- Reconciliation results, unresolved inputs and actual checks completed.
Use it when
- You need net leverage, permitted debt and signed covenant headroom.
- You work on private credit covenants and need traceable calculations.
- A reviewer needs to trace the result back to inputs and assumptions.
How to use it
- Download the complete pack and read its governing SKILL.md.
- Share the actual sources and the financial question you need answered.
- Ask your AI to follow the methods, preserve original files and stop affected work on missing evidence.
- Review assumptions, reconciliations and CHECKS MISSED before relying on the result.