FINPACK, shared an update Posted6 days AGO Understanding the Debt Coverage Ratio Calculation in FINPACK FINPACK’s November 2022 update included updates to the financial ratios provided from FINPACK tools. One major change was the addition of a new Repayment Capacity measure — Total Debt Coverage. In our latest FINPACK News post, Kevin Hamilton and Pauline Van Nurden explain the calculation details of total debt coverage. https://finpack.umn.edu/news/understanding-the-debt-coverage-ratio-calculation-in-finpack/ Read More Understanding the Debt Coverage Ratio Calculation in FINPACK FINPACK’s November 2022 update included updates to the financial ratios provided from FINPACK tools. One major change was the addition of a new Repayment Capacity measure — Total Debt Coverage. In our latest FINPACK News post, Kevin Hamilton and Pauline Van Nurden explain the calculation details of total debt coverage. https://finpack.umn.edu/news/understanding-the-debt-coverage-ratio-calculation-in-finpack/ Read Less
4 Useful Tools to Evaluate Farm Profitability and Financial Performance Posted8/24/2023 11:15:25 AM https://finpack.umn.edu/news/4-useful-tools-to-evaluate-farm-profitability-and-f... Different FINPACK Credit Analysis tools are geared towards different information sources, especially related to the financial analysis of agricultural credits. The type and timing of data sources directs what path you should follow for credit analysis purposes. Posted byFINPACK Read More
Planning for Volatility Posted7/21/2023 10:57:49 AM https://finpack.umn.edu/news/planning-for-volatility/ In today’s marketplace, both your agricultural and commercial clients are continually facing volatility, with swings in income, expenses, and even interest rates. This fact makes assessing the risk associated with customer credit requests difficult to fully predict. Using shocks to debt coverage can be a useful tool during volatile times when completing a cash flow projection. Posted byFINPACK Read More
Free, Easy-to-use Tools for Developing & Interpreting Financial Statements Posted7/6/2023 10:17:53 AM https://finpack.umn.edu/news/free-easy-to-use-tools-for-developing-interpreting-... Farmers prefer to spend most of their time in the tractor or barn, and less time developing financial statements. Because of this, many farmers and ranchers struggle when preparing financial records for their businesses. To help with this, we created the Developing & Interpreting Your Financial Statements and Measures site, a hub for producers looking to improve their financial management skills. This free resource consists of two online courses which give producers information needed to become better financial managers of their business. Posted byFINPACK Read More