Leverage Ratios in Private Credit: Debt/EBITDA, Coverage, and What Lenders Look At
Jun 27, 2026
Debt/EBITDA, net and senior leverage, interest coverage, FCCR and DSCR: the ratios lenders use, with formulas and worked examples.
Technical Concepts
5 articles in this category.
How to Size Debt in a Private Credit Interview
Mar 25, 2026
The three-constraint framework lenders use to size debt: leverage, coverage and liquidity, with a ready-to-use interview answer.
How to Talk About Working Capital in a Private Credit Interview
Mar 22, 2026
How lenders read DSO, DPO, inventory cycles and seasonal swings to find where cash quietly disappears, and how to say it in an interview.
PIK vs Cash Pay: What the Economics Mean for the Lender
Mar 21, 2026
How payment-in-kind interest works, when it protects the lender, when it is a red flag, and how to discuss it in an interview.
Direct Lending vs Syndicated Lending: Key Differences for Interview Prep
Mar 19, 2026
Structure, documentation and process differences between direct lending and syndicated loans, and why each one matters to the lender.