Evaluate Financial Performance and Monitor Covenant Compliance
With Covarity, financial covenants and early warning signals can be configured for borrowers based on their financial statements and other data points. Covarity provides a robust framework to calculate any financial result or ratio.
Highlights of the financial analysis module include:
- Create any calculation/ratio using financial statements or other data points using a drag-and-drop formula editor.
- Utilize built-in functions such as absolute value, annualize, max, min, and round in addition to basic mathematical operators.
- Create rolling ratios such as rolling 4 quarter or rolling 12 month using the built-in RollingSum and RollingAverage functions.
- Calculate covenants on any frequency and for management and/or accountant prepared statements.
- Specify seasonal covenants.
- View ratio results over time for one borrower or compare an entire portfolio.
- View a chart for any ratio to graphically spot trends.