Glossary · Debt metrics
DSCR (Debt Service Coverage Ratio)
Net Operating Income divided by annual debt service. Can the asset pay its loan from its own cash flow? Lenders typically want 1.25–1.40x or higher.
Related
- NOI (Net Operating Income)
Property income after operating expenses, before debt service and taxes.
- Debt yield
Net Operating Income divided by loan amount. A rate-independent leverage check that ignores valuation noise.
- Interest Coverage Ratio (ICR)
Operating income divided by interest expense. How many times the asset's earnings cover the interest bill.
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