Loan Covenants (On-Demand - CFI)
Overview
This course provides a practical introduction to loan covenants and their role in the lending process. It begins by defining covenants and explaining how they serve the interests of both lenders and borrowers. Learners will compare different types of covenants and examine the appropriate actions a credit analyst should take in the event of a covenant breach. The course then focuses on key financial covenant ratios—including the debt-to-equity ratio, debt service coverage ratio (DSCR), working capital ratio, and debt to EBITDA ratio—detailing how each is calculated and applied in credit evaluation. The course concludes with a hands-on case study in Excel, where learners build a covenant model using historical and forecast financial statements to assess compliance with loan terms.
Access expires 180 days from purchase date |
Applicable for
Learning Objectives
Upon completing this course, you will be able to:
- understand the key concepts of covenants in a loan agreement
- explain different types of loan covenants
- calculate key financial covenant metrics
- use a financial model in Excel to model financial covenants
Content
Course Content Created: July 2019
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.About This Product
On-Demand Courses by CFI. Corporate Finance Institute (CFI) courses are designed for finance professionals and industry practitioners who want to master the art of corporate finance. The instructions on how to access this course will be included on your registration confirmation.
Please note that not all on-demand courses include downloadable materials such as course notes or slides.
How to get started
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
- 3
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 4
- Credits
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.
Loan Covenants (On-Demand - CFI)
- 3
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 4
- Credits
Overview
This course provides a practical introduction to loan covenants and their role in the lending process. It begins by defining covenants and explaining how they serve the interests of both lenders and borrowers. Learners will compare different types of covenants and examine the appropriate actions a credit analyst should take in the event of a covenant breach. The course then focuses on key financial covenant ratios—including the debt-to-equity ratio, debt service coverage ratio (DSCR), working capital ratio, and debt to EBITDA ratio—detailing how each is calculated and applied in credit evaluation. The course concludes with a hands-on case study in Excel, where learners build a covenant model using historical and forecast financial statements to assess compliance with loan terms.
Access expires 180 days from purchase date |
Applicable for
Learning Objectives
Upon completing this course, you will be able to:
- understand the key concepts of covenants in a loan agreement
- explain different types of loan covenants
- calculate key financial covenant metrics
- use a financial model in Excel to model financial covenants
Content
Course Content Created: July 2019
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.About This Product
On-Demand Courses by CFI. Corporate Finance Institute (CFI) courses are designed for finance professionals and industry practitioners who want to master the art of corporate finance. The instructions on how to access this course will be included on your registration confirmation.
Please note that not all on-demand courses include downloadable materials such as course notes or slides.
How to get started
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.