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Sablewood Furniture On track

Furniture maker and retailer · Senior loan · $14.6M deployed · Last report Oct 7

Overview

What changed this month

  • Cash rose $0.2M to $3.9M. The plan keeps it above the $1.5M minimum, with a lowest point of $3.9M in late November.
  • Holiday orders are 4% above last year and earnings are 4.4% above budget.
  • Inventory fell $0.3M as slow lines sold through.
Ending cash across operating accounts at the last weekly close.
$3.9M
Prior $3.7M · +$0.2M
On trackWeekly · as of Nov 6
Last 12 months’ EBITDA after approved adjustments, monthly.
$7.1M
Prior $7.0M · +1.4%
On trackMonthly · as of Sep 30
Debt service coverage: cash available for debt service ÷ interest and principal due. Higher is safer.
1.55x
Prior 1.52x · +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
19 wks
Prior 18 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
41 d
Prior 42 d · −1 d · target 45 d
On trackMonthly · as of Sep 30
(Revenue − cost of goods) ÷ revenue, last 12 months. New, added by Your Cohort
36.0%
Prior 35.7% · +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 $3.7M on Oct 30 and $3.9M on Nov 6; forecast $4M on Nov 13 to $4.4M on Jan 22. Lowest forecast week Nov 27 at $3.9M. Minimum cash $1.5M: every forecast week clears it. Two weeks of spending $1.8M: 0 of 11 forecast weeks below it. $0$1M$2M$3M$4M$5M$6M 2 weeks of spending $1.8MMinimum cash $1.5M Low $3.9M Oct 30Nov 13Nov 27Dec 11Dec 25Jan 8Jan 22
Cash, next 13 weeksBar chart of weekly ending cash. Actual $3.7M on Oct 30 and $3.9M on Nov 6; forecast $4M on Nov 13 to $4.4M on Jan 22. Lowest forecast week Nov 27 at $3.9M. Minimum cash $1.5M: every forecast week clears it. Two weeks of spending $1.8M: 0 of 11 forecast weeks below it. $0$2M$4M$6M Low $3.9M Oct 30Nov 20Dec 11Jan 1Jan 22
ActualForecastCash low pointMinimum cash $1.5M2 weeks of spending $1.8M
Next week in
$0.9M
Next week out
$0.8M
Net cash flow
+$0.1M
Ending cash, Nov 13
$4.0M
Cash low point
$3.9M · Nov 27
Last week, plan vs actual
$3.8M → $3.9M
Forecast accuracy, 4 wks
97.4%
Invoices 90+ days late
$0.1M

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.15.6% room
Debt service coverage: cash available for debt service ÷ interest and principal due. Higher is safer.29.2% room
Equipment and other capital spending this fiscal year, against the yearly cap.33.3% room
Ending cash must stay at or above this amount every week.160% 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