debt covenants

Tag: debt covenants

Debt Compliance 101: Keeping Your Banker Happy

While Houston is mostly underwater from Hurricane Harvey that made landfall over the weekend, we are keeping our heads high and finding some purpose. Houstonians are going out of their way to save people, help clean up flood damage, and providing the necessities for their fellow neighbor. Similarly, you should find ways to keep your

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Key Elements When Seeking Financing

This past week, one of my clients met with a banker to develop a new banking relationship. He hands the banker the company’s financial statements, expecting the banker to look at the income statement. Instead, the banker flips to the back of the financial statements to look over the balance sheet. As the coach, I

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What You Should Know About Breaking Debt Covenants

The end of the first quarter of 2015 is approaching, and quarterly debt covenant compliance certificates are coming due. If your business is like many in our area, this thought probably fills you with dread. With so many businesses in Houston tied to the energy industry, the effects of the free fall in oil prices

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Choose a CPA or Auditor

Choose a CPA or Auditor Do you choose a CPA or auditor? Any company whose stock is sold to the public is subject to the reporting requirements of the Securities & Exchange Commission, which include having its financial statements audited by an independent certified public accountant. Whereas companies, whose stock is not sold to the

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