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Cash Available for Debt Service

   Also found in: Acronyms 0.02 sec.
Cash Available for Debt Service
Ratio of cash assets to debt service (interest plus nearby principal). Used in evaluating the risk of a project or firm. The higher the ratio the less likely the firm or project will fail to meet its debt obligations.

Cash Available for Debt Service
A ratio of a company's cash on hand to its debt service. A ratio of less than 1 indicates that the company is unable to service its debt, while a ratio of 1 means that it can service its debt, but that doing so will result in no remaining cash on hand. Thus, shareholders and potential lenders prefer to have the cash available for debt service to be as high as possible.


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Fitch will continue to monitor the performance of the Gould project, which will contribute 20% of cash available for debt service once the fixed price period expires.
5 million, decreased cash available for debt service in 2005 to $116 million from $146 million in 2004.
In 2005, after-tax cash available for debt service exceeded scheduled interest and principal payments of $43.
 
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