Debt Service Coverage Ratio: Formula, Meaning, and Covenants
Learn how the debt service coverage ratio (DSCR) is calculated, how lenders evaluate cash flow against debt payments, and what covenant thresholds require.
Market Education
Learn how stocks, bonds and capital markets work. Explore plain-English explanations, worked examples and charts, then follow related coverage to connect market concepts with current events. Find your way around ECMSource.
C.H. Robinson to Buy RXO in $5.8B Cash and Stock Deal
C.H. Robinson is acquiring logistics provider RXO in a $5.8 billion cash-and-stock deal offering a 29% premium and targeting $300 million in cost synergies.
Fallen Angels vs. Rising Stars: How Bond Migrations Work
Learn what fallen angels and rising stars are in corporate bond markets, how credit rating migrations trigger forced selling, and why spreads widen.
Cal-Maine Foods Swings to Q1 Loss as Egg Prices Fall 59%
Cal-Maine Foods reported a Q1 FY2027 net loss of $58.6M as conventional egg prices fell 59%, triggering a dividend suspension under its variable payout policy.
Dividend Reinvestment Plans: How DRIPs, DSPPs, and Taxes Work
Learn how DRIPs and DSPPs work, the difference between transfer agents and brokers, compounding mechanics, and IRS tax rules for reinvested dividends.
ESCO Technologies Closes $2.3B Megger Group Buyout
ESCO Technologies closed its $2.3B buyout of Megger Group, funding the deal with $922M in cash, 5.1M shares, and $1.0B in new credit facilities.
Original Issue Discount (OID) Explained: Rules, Math, and Taxes
Learn how Original Issue Discount (OID) works, how the IRS de minimis threshold is calculated, and how phantom tax rules apply to discounted debt securities.
Berkshire Expands Lennar Stake to 11.2% in $2.1B Bet
Berkshire Hathaway increased its Lennar stake to 11.2% ($2.1B), aggressively buying into the homebuilder selloff despite 7.3% mortgage rates and analyst downgrades.
High-Yield Bonds vs. Leveraged Loans: Key Differences Explained
Compare high-yield bonds and leveraged loans. Learn how seniority, fixed vs. floating rates, call protection, covenants, and recovery rates differ.
Nano Nuclear to Buy NRC Fuel Processing Assets for $13.5M
Nano Nuclear agreed to acquire NRC-licensed fuel assets and patents from Radnostix for $13.5M, expanding its vertical microreactor fuel supply chain.