CovenantMonitor
- Status
- Specified
- Family
- 13 of 13
CovenantMonitor is specified but not yet built. The spec below is the contract it will be built against — reviewed before the code, which is the order that makes the review worth doing. See the roadmap for where it lands.
The four-layer spec
Per-covenant: the contractual definition (lenders define EBITDA with specific add-backs), the computed value, the threshold, the headroom, and the next test date.
The number here may legitimately differ from the dashboard's EBITDA because the credit agreement defines it differently. That's not a bug, and the component says so on the card.
Headroom under 20% is --warning; a breach is --negative — with the numeric headroom always shown, never color alone.
Lifted verbatim from Metrics & analysis. The doc and this page are the same paragraphs, so they cannot disagree.
Also in Metrics & analysis
- MetricDefinitionEvery metric requires one. Formula with values substituted.
- NonGaapReconciliationEBITDA below net income, every adjustment named.Spec
- MrrBridgeThe movement, not a single number with a percentage.Spec
- BudgetVsActualPolarity-aware, materiality-filtered, versions tracked.
- ForecastTableProjections dashed and labeled everywhere.
- KpiHealthStripProvisional marking for pre-close numbers.Spec
- RevenueTrackerRevenue by stream, with mix, growth and concentration.
- ExpenseTrackerSpend by category on three bases. Polarity derived per row from the sign convention.
- DriverModelThe inputs a forecast is built from, and what they produce.
- ScenarioCompareScenarios side by side, all measured against the base.
- PlByDimensionThe P&L cut by department, entity or product.
See also
A component is specified in one place, defined in another, and running in a third. All three, from here.
- Metrics & analysis — the family specThe four-layer specification this component was built against, before it was written.Doc
- Financial metric components: definitions and varianceThe family running, with real figures in it, in both themes and at every density.Live
- CatalogAll 179 components, specified before they are written.Doc
Elsewhere in the system
Where CovenantMonitor sits in the rest of the system — the live section it renders in, the calculators that compute what it displays, and the ledger payloads it is fed from.
- Loan amortisationLevel payment solved, then walked in minor units so the last payment clears the balance exactly.Tool
- Effective vs nominal rate12% compounded monthly is 12.68%. That difference is the covenant you either pass or fail.Tool
- Metrics & analysisMetrics & analysis — specs for 12 React components: MetricDefinition, NonGaapReconciliation, MrrBridge, BudgetVsActual and 8 more.Doc
Components are copied into your repository and meant to be edited — rounding policy, fiscal calendar and compliance copy differ per company.
Told when Metrics & analysis changes
Components are copied into your repo, so a fix here does not reach you on its own. One email when a component in this family changes in a way that needs a migration — and nothing when it does not.