Leases are committed fixed payments just like interest, so lenders increasingly look at fixed charge cover for a fuller affordability picture.

No — it's a free illustration. Your actual Creditcorp offer depends on an assessment of your company.

Fixed charge cover calculator — Calculators

How to use it

Enter your figures above — the result updates instantly and nothing leaves your browser. Results are illustrative, not a quote or credit decision.

How to interpret the result

A fixed charge cover figure above one suggests operating profit is sufficient to meet both lease/rent commitments and interest once they are added together, while a figure close to or below one signals that fixed obligations are consuming most or all of available operating profit. Because leases are included alongside interest, this ratio is typically lower and more conservative than a simple interest cover calculation for the same company.

The direction of travel matters as much as the single reading. A company whose fixed charge cover is improving over successive periods is generally building headroom, whereas a ratio that is drifting downward — even if it still sits comfortably above one — can flag that lease renewals, new rent commitments or softening profit are quietly eroding affordability before it becomes visible elsewhere.

Limitations and good practice

This calculator works from figures you enter directly, so its output is only as reliable as the operating profit, lease and interest numbers put into it. It does not adjust for one-off items sitting inside operating profit, nor does it reflect seasonal swings in trading — a business with a strong final quarter and a quiet start to the year may look different at different points in its cycle. Treat the result as a snapshot rather than a forecast.

It is also worth remembering that fixed charge cover is one lens among several that a lender may apply alongside interest cover and debt service cover when forming a fuller view of affordability. Reviewing all three together, and recalculating whenever lease terms or debt commitments change, gives a more rounded and current picture than relying on any single ratio in isolation.