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A purchase price is attractive only if the returns hold up when assumptions change. LBO sensitivity analysis varies one or two assumptions while…
A higher purchase price does not automatically make an acquisition dilutive. The key test is whether pro forma earnings per share (EPS) is above or…
An Excel model can calculate without errors and still produce an unreliable answer. Revenue may not flow through to cash, a debt schedule may not…
A cash forecast can balance perfectly and still be wrong. If receipts are placed in the wrong week, or last week’s assumptions remain after actual…
When fixing circular references in excel, the first challenge is finding which formula completes the loop and deciding whether that loop is…
What if a sculpted schedule meets its target DSCR but still cannot repay the loan by maturity? In a debt sculpting project finance DSCR model, the…
A strong LBO IRR can hide a weak value-creation story. In lbo returns analysis, the headline return tells you what the equity earned, not whether it…
What does a 50% cash sweep repay? Not 50% of EBITDA. The percentage applies to eligible cash remaining after operating needs, interest, required…
A formula can look correct and still point to the wrong period, omit a driver or break a model’s logic. In a large workbook, checking every link…
A working capital schedule can look precise and still send cash flow in the wrong direction. If you’re unsure which balance sheet accounts to…
