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Keystone Dental Labs On track

Dental laboratory network · Senior loan · $12.0M deployed · Last report Oct 15

Overview

What changed this month

  • Cash rose $0.2M to $2.6M. The plan keeps it above the $1.25M minimum; the lowest point is $2.6M in late November.
  • Earnings are 3.5% above budget. Digital crown orders grew 12% this quarter.
  • Remake rates fell to 3.1% from 4.0%, which saves about $0.1M a quarter.
Ending cash across operating accounts at the last weekly close.
$2.6M
Prior $2.4M · +$0.2M
On trackWeekly · as of Nov 6
Last 12 months’ EBITDA after approved adjustments, monthly.
$4.9M
Prior $4.8M · +2.1%
On trackMonthly · as of Sep 30
Debt service coverage: cash available for debt service ÷ interest and principal due. Higher is safer.
1.49x
Prior 1.46x · +0.03x · min 1.20x
On trackMonthly · as of Sep 30
Weeks of cash at the last 4 weeks’ average burn. New, added by Your Cohort
15 wks
Prior 14 wks · +1 wks
On trackWeekly · as of Nov 6
Days sales outstanding: how many days customers take to pay on average, last 3 months. Lower is better. New, added by Your Cohort
44 d
Prior 45 d · −1 d · target 50 d
On trackMonthly · as of Sep 30
(Revenue − cost of goods) ÷ revenue, last 12 months. New, added by Your Cohort
41.0%
Prior 40.7% · +0.3 pts
On trackMonthly · as of Sep 30

Cash, next 13 weeks

Ending cash by week · updated Tuesdays
Cash, next 13 weeksBar chart of weekly ending cash. Actual $2.4M on Oct 30 and $2.6M on Nov 6; forecast $2.7M on Nov 13 to $3.2M on Jan 22. Lowest forecast week Nov 20 at $2.6M. Minimum cash $1.3M: every forecast week clears it. Two weeks of spending $1.5M: 0 of 11 forecast weeks below it. $0$1M$2M$3M$4M 2 weeks of spending $1.5MMinimum cash $1.3M Low $2.6M Oct 30Nov 13Nov 27Dec 11Dec 25Jan 8Jan 22
Cash, next 13 weeksBar chart of weekly ending cash. Actual $2.4M on Oct 30 and $2.6M on Nov 6; forecast $2.7M on Nov 13 to $3.2M on Jan 22. Lowest forecast week Nov 20 at $2.6M. Minimum cash $1.3M: every forecast week clears it. Two weeks of spending $1.5M: 0 of 11 forecast weeks below it. $0$1M$2M$3M$4M Low $2.6M Oct 30Nov 20Dec 11Jan 1Jan 22
ActualForecastCash low pointMinimum cash $1.3M2 weeks of spending $1.5M
Next week in
$0.6M
Next week out
$0.5M
Net cash flow
+$0.1M
Ending cash, Nov 13
$2.7M
Cash low point
$2.6M · Nov 20
Last week, plan vs actual
$2.5M → $2.6M
Forecast accuracy, 4 wks
97.0%
Invoices 90+ days late
$0.2M

Decisions for you

Checked against the deal documents before they reach you

Nothing waiting. Requests from the company appear here after the contract check.

Covenants

All 4 passing · Q3 certificate due Nov 14
Net debt ÷ adjusted EBITDA, last 12 months. Lower is safer.13.3% room
Debt service coverage: cash available for debt service ÷ interest and principal due. Higher is safer.24.2% room
Equipment and other capital spending this fiscal year, against the yearly cap.40% room
Ending cash must stay at or above this amount every week.108% room

New marks a measure Your Cohort adds to Thorne’s reporting · fictional companies and figures · thresholds are placeholders · select or hover any dotted label for its definition