Debt Service Coverage Ratio

Three-School Matrix / MATCHBOOK / FY2024-25 / Debt Service Coverage Ratio

Matchbook Learning Schools of Indiana, Inc. · FY2024-25 · Annual Audited · Calculation level: Network

Cash flow available to service annual debt obligations.

Formula: (Change in Net Assets + Depreciation + Amortization + Interest Expense) / (Principal + Interest Payments)

Meets Standard: ≥1.10 MS · 1.00–1.09 AS · <1.00 DNMS

result

3.60

Published OEIresult

13.05

Status

EXACT MATCH

From Data To Decisions

Formula — OEI-MSCS Performance Framework 2023-24

(Change in Net Assets + Depreciation + Interest Expense) / (Principal Payments + Interest Payments)

Rating threshold: ≥ 1.10 = Meets Standard

Source inputs

Change in net assets

Normalized field: net_income_fy25

$4,210,648

34960A.pdf · Statements of Activities · PDF page 6 (printed page 5) · Change in net assets

Confidence: High · Structured PDF text extraction · Approved

View source Open file

Depreciation

Normalized field: depreciation

$369,832

34960A.pdf · Statements of Cash Flows · PDF page 8 (printed page 7) · Depreciation

Confidence: High · Structured PDF text extraction · Approved

View source Open file

Interest expense

Normalized field: interest_expense

$20,000

34960A.pdf · Statements of Functional Expenses · PDF page 7 (printed page 6) · Interest

Confidence: High · Table extraction · Approved

View source Open file

Principal payments

Normalized field: principal_payments

$27,717

34960A.pdf · Statements of Cash Flows — Financing Activities · PDF page 8 (printed page 7) · Principal payments on long-term debt

Confidence: High · Structured PDF text extraction · Approved

View source Open file

Interest payments

Normalized field: interest_paid

$20,000

34960A.pdf · Supplemental Cash Flow Disclosure · PDF page 19 (printed page 17) · Cash paid for interest

Confidence: Medium · Analyst-confirmed read · Approved

View source Open file

Calculation

Numerator = $4,210,648 + $369,832 + $1,481,849 = $6,062,329
Denominator = current maturities of bonds/notes payable $200,000 + interest expense $1,481,849 = $1,681,849
$6,062,329 / $1,681,849 = 3.6046
Rounded = 3.60

OEI rating test

≥ 1.10 = Meets Standard

Insights rating:MS

Comparison

3.60 / MS

Salesforce / CAP13.05

Published OEI13.05 / MS

Variance0.00

StatusEXACT MATCH

Sequencing proof

1. Source documents ingested and classified.
2. Raw values extracted with page/cell coordinates.
3. OEI mapping and accounting treatment applied.
4. Formula executed — targets not in engine memory.
5. Nsites result locked 18:16:21 UTC.
6. Salesforce/CAP and published CQ2 revealed 18:16:46 UTC.

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