Simon Crawford presented at the Law Society of Upper Canada (5th Annual Business Law Summit) on Explanation and Calculation of 1) Loan to Value Ratio; 2) Debt to Equity Ratio; 3) EBITDA; 4) Interest Coverage Ratio; 5) Net Present Value; 6) Loan Life Coverage Ratio; 7) Debt Service Coverage Ratio; 8) Internal Rate of Return; and 9) Earn Outs. View the presentation at Slideshare: Drafting the Math – Understanding Financial Covenants, Tests and Benchmarks in Commercial Transactions.