Glossary · Debt metrics
Interest Coverage Ratio (ICR)
Operating income divided by interest expense. How many times the asset's earnings cover the interest bill.
Why it matters
It isolates the interest burden when amortisation profiles vary.
Related
- 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.
- Amortisation
The scheduled repayment of loan principal over the term, alongside interest.
- Covenant
A contractual condition in a loan — e.g. LTV ceiling, DSCR floor — that keeps a borrower in compliance.
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