Heavy Construction

Canada's Heavy Construction News Site

Menu
  • Home
  • News Sources
    • Alberta
    • CDBI
    • Construction Canada
    • CTAA
    • Manitoba
    • NL
    • Nova Scotia
    • Red Deer
    • Vancouver
  • Contact
Menu

COVID-19: Grant Thornton’s 26-Week Cash Flow Forecast Model

Posted on April 6, 2020 by News

Grant Thornton has vetted the 26-Week Cash Flow Forecast Model with most financial institutions and they are ready to accept it during the COVID-19 crisis. It quickly captures a company’s current cash position and forecasts the run rate for the next 26-weeks. Of significant importance, to business owners and banks, is the model incorporates all the latest federal and provincial COVID-19 programs and can do “what-if” analysis quickly and easily. Clients can use it for bank reporting as well as internal cash flow analysis.

Some highlights:

  • Projects cash flow for 6 months on a weekly basis;
  • Models business decisions and the related impacts on cash flows (lay-offs, principal payment holidays, government support, etc.);
  • Better understanding of cash flow /operating line availability;
  • Provides timely information to lenders; and,
  • Aims to shorten bank review/approval timelines and can improve short term lending arrangements.

Overall, the model will help to show lenders that an owner understands their expected cash flow, the levers available to manage the business and how the business is fiscally responsible under the current circumstances.

If you could benefit from the above, please do not hesitate to forward along the contact information for the following GT team members:

Sean Stager                                      902.491.2247       Sean.Stager@ca.gt.com

Louis-Pierre Francoeur                  902.491.7546       Louis.Francoeur@ca.gt.com

Jillian Murray                                   902.491.7745       Jillian.Murray@ca.gt.com

Kevin Fraser                                     902.491.7797       Kevin.Fraser@ca.gt.com

View original article here Source

Recent Posts

  • Scotiabank targets $10-B commitment in support of affordable housing
  • Pomerleau and Factry create innovation lab dedicated to construction
  • Historic Ontario covered bridge receiving $6.25M for rehabilitation
  • Western roadbuilders unite on trade corridor and gateway investment
  • NOTICE — Partial Lifting of NS Spring Weight Restrictions

Categories

  • Alberta
  • CDBI
  • Construction Canada
  • CTAA
  • Manitoba
  • NL
  • Nova Scotia
  • Red Deer
  • Vancouver
April 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930  
« Mar    
©2021 Heavy Construction | Design: Newspaperly WordPress Theme