Projected Balance Sheet Sample Clauses

Projected Balance Sheet. Pro Forma Balance Sheet (expressed in US Dollars) For the years ended December 31, 2020 2021 2022 2023 2024 ASSETS Current assets Cash 0 205,146 3,556,510 9,671,470 18,949,843 Accounts receivable 19,824,670 26,863,528 35,979,615 48,392,142 62,004,669 Prepaid expenses 403,102 546,225 731,585 983,974 1,260,762 Long term assets PPE, net - - - - - Land, net - - - - - Total Assets 20,227,772 27,614,899 40,267,710 59,047,585 82,215,274 LIABILITIES Current liabilities Account payable 17,181,381 23,281,725 31,182,333 41,939,856 53,737,380 Revolving line of credit 1,846,648 370,561 251,831 107,078 - Long term liabilities Long term loan - - - - - Total liabilities 19,028,029 23,652,286 31,434,163 42,046,934 53,737,380 SHAREHOLDER'S EQUITY Owner's equity - - - - - Retained earnings 1,199,743 3,962,614 8,833,547 17,000,651 28,477,894 Total shareholder's equity 1,199,743 3,962,614 8,833,547 17,000,651 28,477,894 Total liabilities and shareholder's equity 20,227,772 27,614,899 40,267,710 59,047,585 82,215,274 90,000,000 80,000,000 70,000,000 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 - 2020 2021 Assets 2022 Shareholder's Equity 2023 2024 Liabilities Liquidity ratios Financial Indicators Ratio Analysis 2020 2021 2022 2023 2024 Current 1.18 1.19 1.29 1.41 1.53 Quick 1.18 1.19 1.29 1.41 1.53 Acid Test 1.15 1.16 1.27 1.38 1.51 Activity ratios Account receivable turnover 3.03 2.83 2.80 2.84 2.75 Inventory turnover 0.00 0.00 0.00 0.00 0.00 Total asset turnover 2.41 2.39 2.18 2.03 1.85 Profitability ratios Gross margin 11% 11% 11% 11% 11% Operating margin 3% 4% 6% 7% 8% Net profit margin 2% 4% 6% 7% 8% Return on assets 6% 10% 12% 14% 14% Return on equity 100% 70% 55% 48% 40% Leverage Debt to equity 14.32 5.88 3.53 2.47 1.89 Debt to assets 0.85 0.84 0.77 0.71 0.65 Interest coverage 6.41 17.72 33.12 55.44 77.51 12% 10% 8% 6% 4% 2% 0% 2020 2021 Gross margin 2022 Operating margin 2023 Net profit margin 2024
Sample 1
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Projected Balance Sheet. You shall have received and satisfactorily completed your review of, prior to the time that this Agreement is fully-executed by the parties here, the projected consolidated balance sheet of the Company and its Subsidiaries prepared on a pro forma basis as of April 30, 2015 after giving effect to the Closing and the purchase of the Notes hereunder.
Sample 1
Projected Balance Sheet. The projected balance sheet shows the changes in assets, liabilities, and capital for the Company. Since borrowing was not selected as an option, there are no liabilities during this three-year plan. Long-term assets of $975,000 are depreciated starting in year two. Net worth increase from $1,170,684 in year one to $1,272,514 in year to and finally reach $1,377,612 in the final year of the plan. Table: Balance Sheet Pro Forma Balance Sheet Year 1 Year 2 Year 3 Assets Current Assets Cash $130,684 $256,474 $386,893 Other Current Assets $65,000 $65,000 $65,000 Total Current Assets $195,684 $321,474 $451,893 Long-term Assets Long-term Assets $975,000 $975,000 $975,000 Accumulated Depreciation $0 $24,960 $49,281 Total Long-term Assets $975,000 $950,040 $925,719 Total Assets $1,170,684 $1,271,514 $1,377,612 Liabilities and Capital Year 1 Year 2 Year 3 Current Liabilities Current Borrowing $0 $0 $0 Other Current Liabilities $0 $0 $0 Subtotal Current Liabilities $0 $0 $0 Long-term Liabilities $0 $0 $0 Total Liabilities $0 $0 $0 Paid-in Capital $1,900,000 $1,900,000 $1,900,000 Retained Earnings ($820,315) ($729,316) ($628,486) Earnings $90,999 $100,830 $106,098 Total Capital $1,170,684 $1,271,514 $1,377,612 Total Liabilities and Capital $1,170,684 $1,271,514 $1,377,612 Net Worth $1,170,684 $1,271,514 $1,377,612
Sample 1
Projected Balance Sheet. Frontline shall have received a projected balance sheet, income statement and projected working capital requirements for Roxy Systems covering the periods from October 1, 1998 through December 31, 1999 and January 1, 1998 through December 31, 1999. Such projections shall be set forth in reasonable detail and shall include a detailed list of all assumptions used in determining income, expense and cash flow.
Sample 1
Projected Balance Sheet. On or prior to the Closing Date, Company shall deliver to Administrative Agent (with sufficient copies for each Lender) a projected consolidated balance sheet of Company and its Subsidiaries as at the date of the consummation of the Merger, prepared in accordance with GAAP and reflecting the consummation of the Acquisition and the Merger, the related financings and the other transactions contemplated by the Loan Documents and the Merger Agreement, which projected balance sheet shall be in form and substance satisfactory to Administrative Agent.
Sample 1
Projected Balance Sheet. The following table presents the Balance Sheet for Motivating the Masses. It shows our projected steady increase in Net Worth over the next three years. As a consulting company, we do not need a great deal in the way of assets, so the largest factor in the Balance Sheet is our cash balance.
Sample 1

Related to Projected Balance Sheet

  • Pro Forma Balance Sheet The Administrative Agent shall have received the Pro Forma Balance Sheet in form and substance satisfactory to the Administrative Agent and the Required Lenders;

  • Closing Balance Sheet As soon as reasonably practicable following the Closing Date, and in any event within one hundred thirty days (130) days thereafter, the Company shall prepare and deliver to Seller (i) a consolidated balance sheet of the Included Subsidiaries as of the close of business on the date immediately prior to the Closing Date (the "Closing Balance Sheet"), (ii) a consolidated balance sheet of the Company as of the close of business on the date immediately prior to the Closing Date, (iii) a calculation of the "Closing Net Working Capital Amount", which shall equal the Net Working Capital Amount as reflected on the Closing Balance Sheet minus the Target Net Working Capital Amount (including the line item components thereof, together with reasonable back-up information providing the basis for such balance sheet and calculations), (iv) the amount of outstanding Indebtedness outstanding as of the close of business on the date immediately prior to the Closing Date minus any such Indebtedness to be paid at any time prior to the Closing or that will be paid by Seller at the Closing plus any Indebtedness incurred on the Closing Date that remains outstanding immediately after the Closing (the "Closing Indebtedness") which Closing Indebtedness shall include the actual amount of the U.K. Loans and the Esterhazy Loan immediately prior to the Closing, (including the components thereof, together with reasonable back up information); (v) a calculation of the amount of Retention Bonuses that would have been paid by the Acquired Companies to the Employees, in accordance with the terms of the Retention Bonuses had such Retention Bonuses not been "rolled over" into the Senior Executive Plan plus the amount of the Retention Bonuses that were not rolled-over into the Senior Executive Plan (such sum being referred to as the "Actual Retention Bonuses"), (vi) a statement of the actual amount of the sales bonuses set forth on Section 3.16(a)(iii) of the Seller Disclosure Letter that would have been paid to the Employees in accordance with the terms of such Sales Bonuses had such Sales Bonuses not been "rolled over" into the Senior Executive Plan or that were payable (and not paid by Seller prior to Closing) (the "Actual Sales Bonuses"), (vii) a calculation of the funding level of the U.K. Plan, at Closing, and the Actual U.K. Funding Amount as prepared by the Salt Union Limited's actuary in the U.K. consistent with its prior practice and (viii) a calculation of the Net Interim Period Adjustment Amount (which calculation shall set forth, for the Interim Period and the Offset Period, if any, a calculation of the Interim Period EBITDA generated, a calculation of the Interim Period Capital Expenditures actually spent during the Interim Period, a calculation of the Interim Period Interest Adjustment Amount, a calculation of the Interim Period Taxes and a calculation of the Interim Period Adjustment Amounts). The Closing Balance Sheet, the Interim Period EBITDA, and the Interim Period Capital Expenditures shall be prepared in accordance with GAAP and on a basis consistent with the preparation of the Company Financial Statements (except as specified in the definition of Interim Period EBITDA). In order for Seller to review the Closing Balance Sheet and calculate the Closing Net Working Capital Amount, the Closing Indebtedness, the Net Interim Period Adjustment Amount (and the elements of such calculation) and to review the calculation of the Actual Retention Bonuses, the Actual Sales Bonuses and the Actual U.K. Funding Amount, the Company will provide to Seller and Seller's accountants prompt and full access to the personnel, accountants and books and records of the Acquired Companies (and shall provide copies of the applicable portions of such books and records as may be reasonably requested), to the extent reasonably related to the preparation of the Closing Balance Sheet and the calculation of the Closing Net Working Capital Amount, the Closing Indebtedness, the Actual Retention Bonuses, the Actual Sales Bonuses and the Actual U.K. Funding Amount, and the Net Interim Period Adjustment Amount (and the elements of such calculation).

  • Pro Forma Balance Sheet; Financial Statements The Lenders shall have received (i) the Pro Forma Balance Sheet, (ii) audited consolidated financial statements of the Borrower and its Subsidiaries for the most recently ended fiscal year and (iii) unaudited interim consolidated financial statements of the Borrower and its Subsidiaries for each fiscal quarter ended after the date of the latest applicable financial statements delivered pursuant to clause (i) of this paragraph as to which such financial statements are available.

  • Closing Date Balance Sheet (a) Prior to Closing, the parties will cooperate in preparing a balance sheet dated as of the Closing Date (the "Closing Date Balance Sheet") reflecting the amount by which the value of the Purchased Assets as of the Closing Date exceeds the Assumed Liabilities as of the Closing Date (the "Net Value"). Purchaser and Seller agree that the Closing Date Balance Sheet will be prepared in a manner consistent with the balance sheet as of June 28, 1997 attached hereto as Exhibit A and will reflect an update of the Preliminary Balance Sheet (as defined in Section 3.03(b) below). Purchaser and Seller will endeavor in good faith to resolve any disputes in the determination of the Net Value and the preparation of the Preliminary Balance Sheet and the Closing Date Balance Sheet. (b) Seller shall take a physical inventory (the "Closing Inventory") of the Divisions as of the last day of the most recent month that is not more than 30 days prior to the Closing Date (or such other date as Seller and Purchaser shall mutually agree) and will prepare a preliminary balance sheet as of the date of the Closing Inventory (the "Preliminary Balance Sheet") reflecting the value of the Purchased Assets and the Assumed Liabilities as of the date of the Preliminary Balance Sheet. Purchaser and its representatives will have the right to participate in the taking of the Closing Inventory. Not less than five days prior to Closing, Seller will deliver a copy of the Preliminary Balance Sheet to Purchaser for its review. Seller and Purchaser will cooperate to determine a method reasonably acceptable to each party to make adjustments to and update the Preliminary Balance Sheet for purposes of preparing the Closing Date Balance Sheet. 3.04

  • Balance Sheet “Balance Sheet” is defined in Section 3.6 of the Agreement.

  • Off-Balance Sheet Transactions There is no transaction, arrangement or other relationship between the Company or any of its Subsidiaries and an unconsolidated or other off-balance sheet entity which is required to be disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus (other than as disclosed therein).

  • Financial Statements; Fiscal Year The Current Financials were prepared in accordance with GAAP and present fairly, in all material respects, the consolidated financial condition, results of operations, and cash flows of the Companies as of, and for the portion of the fiscal year ending on the date or dates thereof (subject only to normal audit adjustments). All material liabilities of the Companies as of the date or dates of the Current Financials are reflected therein or in the notes thereto. Except for transactions directly related to, or specifically contemplated by, the Loan Documents or disclosed in the Current Financials, no subsequent material adverse changes have occurred in the consolidated financial condition of the Companies from that shown in the Current Financials. The fiscal year of each Company ends on December 31.

  • Off-Balance Sheet Arrangements There is no transaction, arrangement, or other relationship between the Company or any of its Subsidiaries and an unconsolidated or other off balance sheet entity that is required to be disclosed by the Company in its 1934 Act filings and is not so disclosed or that otherwise could be reasonably likely to have a Material Adverse Effect.

  • Monthly Financial Statements As soon as available, but no later than thirty (30) days after the last day of each month, a company prepared consolidated balance sheet and income statement covering Borrower’s consolidated operations for such month certified by a Responsible Officer and in a form acceptable to Bank (the “Monthly Financial Statements”);

  • Pro Forma Financial Statements Agent shall have received a copy of the Pro Forma Financial Statements which shall be satisfactory in all respects to Lenders;

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