Bonds & Credit Ratios Calculators

About Bonds & Credit Ratios calculators

A bond’s price is the present value of its coupons and face value at the market yield. When yields rise, prices fall. Duration and convexity quantify how far, while current yield, yield to maturity, yield to call and bond-equivalent yield compare bonds on a common footing. Credit spread shows the extra yield investors demand for risk.

Credit ratios show whether a borrower can service its debt: debt to equity, debt to capital, debt to assets, interest coverage, times interest earned, DSCR, the quick ratio and the Altman Z-score. LGD turns a default into an expected loss.

Pricing bonds and testing credit

Price a bond with the Bond Price Calculator, solve for yield with the Bond YTM Calculator and measure rate risk with convexity and duration. If the bond is callable, compare yield to maturity with the yield to call.

On the credit side, combine Debt to Equity Calculator, interest coverage and the Altman Z-score. Together they show leverage, ability to pay and the odds of distress.

• Yields. Current yield, YTM, yield to call and bond-equivalent yield answer different questions.
• Coverage. DSCR, times interest earned and cash flow to debt show repayment capacity.
• Loss. LGD and credit spread translate risk into expected loss and extra yield.

What you can calculate

• After-tax Cost of Debt Calculator: Calculate the cost of debt after the interest tax shield.
• Altman Z-Score Calculator: Estimate bankruptcy risk from five financial ratios.
• Bond Price Calculator: Price a bond from its coupon, yield and years to maturity.
• Bond Current Yield Calculator: Find current yield: annual coupon divided by the current price.
• Bond Yield Calculator: Compute nominal, current and approximate yield to maturity of a bond.
• Bond YTM Calculator: Solve exactly for yield to maturity using the bond price.
• Yield to Maturity Calculator: Calculate YTM for a bond and see total return to maturity.
• Yield to Call Calculator: Find the yield if a callable bond is redeemed at its call date.
• Bond Equivalent Yield Calculator: Annualize the yield of a discount security on a simple-interest basis.
• Bond Convexity Calculator: Measure how a bond’s duration changes as yields move.
• Effective Duration Calculator: Estimate price sensitivity from bond prices after small yield shifts.
• Coupon Payment Calculator: Compute each coupon payment from face value, rate and frequency.
• Coupon Rate Calculator: Back out the coupon rate from the annual coupon and face value.
• Credit Spread Calculator: Measure the extra yield a risky bond pays over a safe benchmark.
• Debt Service Coverage Ratio Calculator (DSCR): Test whether income covers debt payments.
• Debt to Asset Ratio Calculator: Show what share of assets is financed by debt.
• Debt-to-Capital Ratio Calculator: Compare debt with total capital (debt plus equity).
• Debt to Equity Calculator: Compare total liabilities with shareholders’ equity.
• Defensive Interval Ratio Calculator: Count how many days a company can operate from liquid assets alone.
• Interest Coverage Ratio Calculator: Check how many times operating profit covers interest expense.
• Times Interest Earned Ratio Calculator: Calculate how often earnings cover interest payments.
• LGD Calculator – Loss Given Default: Estimate loss on a loan if the borrower defaults.
• Quick Ratio Calculator: Measure short-term liquidity without counting inventory.
• Tax Equivalent Yield Calculator: Compare a tax-free municipal bond yield with taxable bonds.

Frequently asked questions

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