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Maximum loan by EBITDA calculator

Enter the company's EBITDA and the target debt-to-EBITDA ratio. The calculator works out the maximum loan amount at that ratio.

A typically comfortable range in bank covenants is 2–4×, but the threshold varies a lot by industry and by lender's requirements

Result

Maximum loan amount

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This calculation is for informational purposes only and does not replace advice from a qualified professional. Formulas and rates may not fit your exact situation — double-check the figures before making decisions.

How it is calculated

Maximum loan amount = EBITDA × target Debt/EBITDA multiple. This is the reverse of the ordinary Debt/EBITDA ratio: instead of dividing existing debt by EBITDA, here an acceptable multiple is set upfront and the debt amount is derived from it.

This way of setting a lending limit is common in bank and bond covenants: instead of a fixed amount, the limit is tied to the company's EBITDA and automatically rises or falls with it.

The calculation doesn't account for existing debt — if there is any, the resulting figure is a limit on total debt, not on new borrowing on top of what's already there. It also doesn't replace checking the ability to service debt — use the separate DSCR calculator for that.

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