Accounting › Treasury
Debt Covenants
A promise to a lender, tested quarterly. Breaching one makes the whole facility immediately repayable — testing it before the bank does is the entire reason to hold it here.
Where to find it
- Module: Accounting
- Group: Working Capital
- Section: Treasury
- Screen: Debt Covenants
Address in the console: /accounting/debt-covenants
List · 12 columns · 13 fields on its form · 3 of them required · 1 action
What the list shows
These are the columns of the list, in the order they are drawn. Any of them can be sorted on, filtered on, hidden, or exported.
| Column | Kind | Field name |
|---|---|---|
| Instrument | Code | instrument_no |
| Covenant | Code | code |
| Name | Text | name |
| Measure | Code | measure |
| Op | Code | operator |
| Threshold | Number | threshold |
| Last value | Number | last_value |
| Headroom | Number | last_headroom |
| Result | Status | last_result |
| Next test | Date | next_test_date |
| Days | Number | days_to_test |
| Breaches | Number | breach_count |
The form
What is asked for when a record is created here. Required fields are marked; a choice drawn from a configuration list is one an administrator can extend without a release.
| Field | Type | Choices | Notes |
|---|---|---|---|
| Instrument required | Choice | Looked up from existing records | |
| Code required | Text | ||
| Name required | Text | ||
| Type | Choice | financial, affirmative, negative, reporting | |
| Measure | Choice | net_debt_to_ebitda, interest_cover, gearing, current_ratio, ebitda, net_debt, total_debt, cash, revenue | |
| Formula | Text | ||
| Operator | Choice | <, <=, >, >=, = | |
| Threshold | Number | ||
| Test frequency | Choice | monthly, quarterly, semi_annual, annual, on_demand | |
| Next test | Date | ||
| Cure period (days) | Number | ||
| Active | Yes or no | ||
| Description | Long text |
What you can do here
Test covenants primary
Asks for: Test date
The rules that apply here
Everything on this screen obeys the platform rules rather than rules of its own. The ones worth knowing before you use it:
- Narrowing a list — search, conditions, sort, totals, export and saved views.
- What may be changed — the five grounds a record may not be edited on.
- Companies and business units — what the switcher above this list is doing to it.
- Creating a record — required fields, where choices come from, and how the number is allocated.
- Importing a spreadsheet — this screen accepts one, and it runs through the same rules as typing.