Cash flow waterfall workbook
The files for this topic are on our cash flow waterfall tutorial page. Request them there and we send them to you by email.
The cash flow waterfall is a central part of any project finance, infrastructure finance or real asset model. It shows every stakeholder the cash available at each level of seniority, including cash flow available for debt service (CFADS), the main measure for credit assessment. It also shows the order in which cash is paid and who ranks ahead of whom.
This webinar explains the main features of a waterfall, how to set one up and how to add new items to it.
What you will learn
Why a waterfall
What a cash flow waterfall does in a project finance, infrastructure finance or real asset model.
Structuring the model
How to structure a financial model so the waterfall is transparent and flexible to analyse.
Sensitivities
How a sensitivity in the model moves each level of the waterfall.