What is the meaning of 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.

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APABarry Goldsmith. (2010). cash available for debt service. Retrieved September 28, 2026, from http://smartdefine.org/cash_available_for_debt_service/definitions/1149503
ChicagoBarry Goldsmith. 2010. "cash available for debt service" http://smartdefine.org/cash_available_for_debt_service/definitions/1149503 (accessed September 28, 2026).
HarvardBarry Goldsmith 2010, cash available for debt service, Smart Define, viewed 28 September, 2026, <http://smartdefine.org/cash_available_for_debt_service/definitions/1149503>.
MLABarry Goldsmith. "cash available for debt service" 21 October 2010. Web. 28 September 2026. <http://smartdefine.org/cash_available_for_debt_service/definitions/1149503>