Finance

Debt Schedule

A debt schedule tracks each facility's balance, interest rate, amortization, and maturity to model cash and covenant impacts.

Updated 2026-01-28

Definition

A debt schedule tracks each facility's balance, interest rate, amortization, and maturity to model cash and covenant impacts.

Formula

Ending balance = beginning balance + draws - principal payments

Example

A schedule shows $1M term debt declining by $25k per month with 7% interest.

How to use it

  • Separate term loans, revolvers, and leases for clarity.
  • Update rates when debt is floating to avoid forecast errors.

Common mistakes

  • Ignoring fees and amortized financing costs.
  • Assuming refinancing without validating lender terms.

Measured as

Ending balance = beginning balance + draws - principal payments

Misused when

  • Ignoring fees and amortized financing costs.
  • Assuming refinancing without validating lender terms.

Operator takeaway

  • Separate term loans, revolvers, and leases for clarity.
  • Update rates when debt is floating to avoid forecast errors.
  • Tie Debt Schedule to the same balance-sheet date, scenario, and decision memo you are using elsewhere in the model.
  • Document which claims, costs, or adjustments your team includes before comparing numbers across forecasts, covenants, or valuation work.

Next decision

  • Read Loan amortization: how monthly payments and total interest work if the decision depends on interpretation, policy, or trade-offs beyond the raw formula.
  • Decide whether Debt Schedule belongs in cash planning, valuation, or debt monitoring so the number is used in the right model.

Where to use this on MetricKit

Guides