Strategic debt management for medical practice growth.
Dr. Sharma, despite a high AGI of $350,000 and diligent saving habits (maxing out her 401k and backdoor Roth IRA), felt overwhelmed by her $280,000 student loan balance and the complexities of managing her small medical practice's finances. She struggled to accurately assess her practice's true net debt position, hindering her ability to make strategic decisions regarding potential expansion or additional investments.
By using the Net Debt Calculator, Dr. Sharma was able to consolidate her business assets and liabilities to determine that her *net* debt was actually $220,000 after accounting for cash reserves and accounts receivable. Armed with this accurate figure, she could then more effectively compare her debt to other financial benchmarks for her practice. In combination with the Debt Service Coverage Ratio Calculator, Dr. Sharma realized that her practice generated more than 2x the cash needed to cover all debt obligations, giving her the confidence to invest in new equipment to attract more patients.
Dr. Sharma inputted her practice's total assets, total liabilities, cash on hand, and accounts receivable into the Net Debt Calculator to determine her net debt. The Debt Service Coverage Ratio Calculator allowed her to see that her Net Operating Income was far more than adequate to service all debt.
$20,000 increase in net profit from newly acquired equipment, and a much clearer picture of financial health.
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