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DSCR, ISCR and FCCR calculator

Enter one year of figures to work out debt service, interest and fixed charge cover, with the formulas shown.

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Indicative only. Verify against your institution's policy. Nothing you type into the calculator leaves this page.

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Result

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Formulas used

DSCR = (EBITDA - taxes + lease) / (interest + principal + lease)

ISCR = EBITDA / interest

FCCR = (EBITDA + lease) / (interest + lease)

Worked example, made-up numbers

EBITDA 70, taxes 10, interest 18, principal 22, no lease. DSCR = 60 / 40 = 1.50. ISCR = 70 / 18 = 3.89. FCCR = 70 / 18 = 3.89.

Assumptions

  • One year of figures. A real appraisal looks at each year of the repayment period, including the weakest one.
  • ISCR and FCCR definitions vary. Some use EBIT, and some add principal to fixed charges. Use your institution's definition where it differs.
  • Use the same unit for every amount.