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Atlas Precision Components
Extract financial and nonfinancial obligations, inspect source evidence, and reconcile two years of financials.
Your accuracy scorecard
Provisional · 0 of 33 items reviewedSample answers are authored by our team: this measures the sample workflow, not the model. Upload a synthetic PDF to evaluate the model.
Maximum gross leverage
ORIGINAL EXTRACTED REQUIREMENT
Total Debt / EBITDA ≤ 3.00x
- Threshold
- Testing frequency
- Annual, at fiscal year end
- Effective from
- Effective through
- Ongoing
- Definition
- Entity scope
- Atlas Precision Components LLC and consolidated subsidiaries
- Measurement period
- Fiscal year then ended
- Cure rights
- Not specified in the supplied excerpt
Agreement overview
- Effective date
- 2024-01-01
- Borrower
- Atlas Precision Components LLC
Review report · Atlas Precision Components
Synthetic sample · precomputed results · no live model run
Original extraction: sample-clean-v1. Original and reviewed values are shown separately. Authored references are not independently validated.
Accuracy scorecard (from this review)
Provisional: 0 of 33 items reviewed. Exact accuracy — · precision — · recall — · coverage 0%. Confirmed 0, corrected 0, rejected 0, added 0, flagged 0. Authored sample: this measures the sample workflow, not the model.
Obligations
Maximum gross leverage · unreviewed
financial · Atlas Precision Components LLC and consolidated subsidiaries · Effective 2024-01-01
| Field | Original | Reviewed |
|---|---|---|
| Threshold | <= 3 x | <= 3 x |
| Definition | Total funded debt / fiscal-year EBITDA; no cash deduction or additional add-backs. | Total funded debt / fiscal-year EBITDA; no cash deduction or additional add-backs. |
| Metric | gross_leverage | gross_leverage |
Original extracted requirement: Total Debt / EBITDA ≤ 3.00x
Testing: Annual, at fiscal year end. Measurement: Fiscal year then ended. Reporting deadline: Not specified.
Exceptions: None stated. Cure rights: Not specified in the supplied excerpt.
Source: Atlas Precision — Credit Agreement, page 1, atlas-leverage: “At each fiscal year end, Total Debt divided by EBITDA for the fiscal year then ended shall not exceed 3.00x. Total Debt includes all funded borrowings, without deduction of cash. EBITDA means the financial statement EBITDA amount; no further add-backs are permitted. Applies to the Borrower and subsidiaries on a consolidated basis.”
Minimum debt service coverage · unreviewed
financial · Atlas Precision Components LLC and consolidated subsidiaries · Effective 2024-01-01
| Field | Original | Reviewed |
|---|---|---|
| Threshold | >= 1.25 x | >= 1.25 x |
| Definition | (EBITDA − cash income taxes − maintenance capital expenditure) / (cash interest paid + scheduled principal repayments). | (EBITDA − cash income taxes − maintenance capital expenditure) / (cash interest paid + scheduled principal repayments). |
| Metric | dscr | dscr |
Original extracted requirement: Contract-defined DSCR ≥ 1.25x
Testing: Annual, at fiscal year end. Measurement: Fiscal year then ended. Reporting deadline: Not specified.
Exceptions: Discretionary principal prepayments excluded. Cure rights: Not specified in the supplied excerpt.
Source: Atlas Precision — Credit Agreement, page 1, atlas-dscr: “At each fiscal year end, Debt Service Coverage Ratio shall be at least 1.25x. Debt Service Coverage Ratio means (EBITDA less cash income taxes less maintenance capital expenditure) divided by (cash interest paid plus scheduled principal repayments), each for the same fiscal year. All deductions and debt service components are positive magnitudes. Discretionary prepayments are excluded.”
Minimum unrestricted cash · unreviewed
financial · Atlas Precision Components LLC and consolidated subsidiaries · Effective 2024-01-01
| Field | Original | Reviewed |
|---|---|---|
| Threshold | >= 1500 USD_thousands | >= 1500 USD_thousands |
| Definition | Total cash − restricted cash. | Total cash − restricted cash. |
| Metric | minimum_liquidity | minimum_liquidity |
Original extracted requirement: Total cash less restricted cash ≥ USD 1,500 thousand
Testing: Annual, at fiscal year end. Measurement: Fiscal year then ended. Reporting deadline: Not specified.
Exceptions: None stated. Cure rights: Not specified in the supplied excerpt.
Source: Atlas Precision — Credit Agreement, page 1, atlas-liquidity: “At each fiscal year end, unrestricted cash shall be at least USD 1,500 thousand. Unrestricted cash means total cash less restricted cash. Restricted cash cannot satisfy this requirement.”
Annual statements and compliance certificate · unreviewed
reporting · Atlas Precision Components LLC and consolidated subsidiaries · Effective 2024-01-01
| Field | Original | Reviewed |
|---|---|---|
| Threshold | Not a numeric test | Not a numeric test |
| Definition | Delivery obligation, including audited financial statements and the compliance certificate. | Delivery obligation, including audited financial statements and the compliance certificate. |
| Metric | Not a financial test | Not a financial test |
Original extracted requirement: Deliver audited annual consolidated financial statements and a compliance certificate.
Testing: Annual, at fiscal year end. Measurement: Fiscal year then ended. Reporting deadline: Within 120 calendar days after fiscal year end.
Exceptions: None stated. Cure rights: Not specified in the supplied excerpt.
Source: Atlas Precision — Credit Agreement, page 2, atlas-reporting: “The Borrower shall deliver audited annual consolidated financial statements and a compliance certificate within 120 calendar days after each fiscal year end. No extension or cure period is specified in this excerpt.”
Restriction on additional funded debt · unreviewed
negative · Atlas Precision Components LLC and consolidated subsidiaries · Effective 2024-01-01
| Field | Original | Reviewed |
|---|---|---|
| Threshold | Not a numeric test | Not a numeric test |
| Definition | Additional funded debt requires lender consent unless the equipment-financing exception applies. | Additional funded debt requires lender consent unless the equipment-financing exception applies. |
| Metric | Not a financial test | Not a financial test |
Original extracted requirement: Obtain prior written lender consent before incurring additional funded debt.
Testing: At incurrence. Measurement: Not specified. Reporting deadline: Not specified.
Exceptions: Ordinary-course equipment financing, aggregate principal outstanding ≤ USD 500 thousand. Cure rights: Not specified in the supplied excerpt.
Source: Atlas Precision — Credit Agreement, page 2, atlas-negative-debt: “The Borrower shall not incur additional funded debt without the lender's prior written consent, except ordinary-course equipment financing with aggregate principal outstanding not exceeding USD 500 thousand. No cure right is specified in this excerpt.”
Financial spread
| Item / period | Unit | Original | Reviewed | Status | Source |
|---|---|---|---|---|---|
| Revenue · FY2024 | USD thousands | 22000 | 22000 | unreviewed | atlas-financials p.1: FY 2024 | Revenue: USD 22000 thousand. |
| EBITDA · FY2024 | USD thousands | 4000 | 4000 | unreviewed | atlas-financials p.1: FY 2024 | EBITDA: USD 4000 thousand. |
| Total funded debt · FY2024 | USD thousands | 11500 | 11500 | unreviewed | atlas-financials p.1: FY 2024 | Total funded debt: USD 11500 thousand. |
| Total cash · FY2024 | USD thousands | 1800 | 1800 | unreviewed | atlas-financials p.1: FY 2024 | Total cash: USD 1800 thousand. |
| Restricted cash · FY2024 | USD thousands | 100 | 100 | unreviewed | atlas-financials p.1: FY 2024 | Restricted cash: USD 100 thousand. |
| Cash interest paid · FY2024 | USD thousands | 700 | 700 | unreviewed | atlas-financials p.1: FY 2024 | Cash interest paid: USD 700 thousand. |
| Scheduled principal repayments · FY2024 | USD thousands | 1000 | 1000 | unreviewed | atlas-financials p.1: FY 2024 | Scheduled principal repayments: USD 1000 thousand. |
| Cash income taxes · FY2024 | USD thousands | 350 | 350 | unreviewed | atlas-financials p.1: FY 2024 | Cash income taxes: USD 350 thousand. |
| Maintenance capital expenditure · FY2024 | USD thousands | 500 | 500 | unreviewed | atlas-financials p.1: FY 2024 | Maintenance capital expenditure: USD 500 thousand. |
| Total assets · FY2024 | USD thousands | 23500 | 23500 | unreviewed | atlas-financials p.1: FY 2024 | Total assets: USD 23500 thousand. |
| Total liabilities · FY2024 | USD thousands | 15000 | 15000 | unreviewed | atlas-financials p.1: FY 2024 | Total liabilities: USD 15000 thousand. |
| Total equity · FY2024 | USD thousands | 8500 | 8500 | unreviewed | atlas-financials p.1: FY 2024 | Total equity: USD 8500 thousand. |
| Current assets · FY2024 | USD thousands | 9000 | 9000 | unreviewed | atlas-financials p.1: FY 2024 | Current assets: USD 9000 thousand. |
| Current liabilities · FY2024 | USD thousands | 5000 | 5000 | unreviewed | atlas-financials p.1: FY 2024 | Current liabilities: USD 5000 thousand. |
| Revenue · FY2025 | USD thousands | 24000 | 24000 | unreviewed | atlas-financials p.2: FY 2025 | Revenue: USD 24000 thousand. |
| EBITDA · FY2025 | USD thousands | 4800 | 4800 | unreviewed | atlas-financials p.2: FY 2025 | EBITDA: USD 4800 thousand. |
| Total funded debt · FY2025 | USD thousands | 12000 | 12000 | unreviewed | atlas-financials p.2: FY 2025 | Total funded debt: USD 12000 thousand. |
| Total cash · FY2025 | USD thousands | 2000 | 2000 | unreviewed | atlas-financials p.2: FY 2025 | Total cash: USD 2000 thousand. |
| Restricted cash · FY2025 | USD thousands | 200 | 200 | unreviewed | atlas-financials p.2: FY 2025 | Restricted cash: USD 200 thousand. |
| Cash interest paid · FY2025 | USD thousands | 800 | 800 | unreviewed | atlas-financials p.2: FY 2025 | Cash interest paid: USD 800 thousand. |
| Scheduled principal repayments · FY2025 | USD thousands | 1200 | 1200 | unreviewed | atlas-financials p.2: FY 2025 | Scheduled principal repayments: USD 1200 thousand. |
| Cash income taxes · FY2025 | USD thousands | 400 | 400 | unreviewed | atlas-financials p.2: FY 2025 | Cash income taxes: USD 400 thousand. |
| Maintenance capital expenditure · FY2025 | USD thousands | 600 | 600 | unreviewed | atlas-financials p.2: FY 2025 | Maintenance capital expenditure: USD 600 thousand. |
| Total assets · FY2025 | USD thousands | 26000 | 26000 | unreviewed | atlas-financials p.2: FY 2025 | Total assets: USD 26000 thousand. |
| Total liabilities · FY2025 | USD thousands | 16000 | 16000 | unreviewed | atlas-financials p.2: FY 2025 | Total liabilities: USD 16000 thousand. |
| Total equity · FY2025 | USD thousands | 10000 | 10000 | unreviewed | atlas-financials p.2: FY 2025 | Total equity: USD 10000 thousand. |
| Current assets · FY2025 | USD thousands | 10000 | 10000 | unreviewed | atlas-financials p.2: FY 2025 | Current assets: USD 10000 thousand. |
| Current liabilities · FY2025 | USD thousands | 5000 | 5000 | unreviewed | atlas-financials p.2: FY 2025 | Current liabilities: USD 5000 thousand. |
Agreement overview and other provisions
| Effective date | 2024-01-01 | atlas-agreement p.1 |
| Borrower | Atlas Precision Components LLC | atlas-agreement p.1 |
Reviewed calculations
| Calculation | Value | Formula / inputs | Result |
|---|---|---|---|
| Maximum gross leverage · FY2024 | 2.875 x | Total debt / EBITDA atlas-FY2024-total_debt, atlas-FY2024-ebitda | within limit; limit <= 3 x |
| Minimum debt service coverage · FY2024 | 1.852941176471 x | (EBITDA − cash taxes − maintenance capex) / (cash interest + scheduled principal) atlas-FY2024-ebitda, atlas-FY2024-cash_taxes, atlas-FY2024-maintenance_capex, atlas-FY2024-cash_interest, atlas-FY2024-scheduled_principal | within limit; limit >= 1.25 x |
| Minimum unrestricted cash · FY2024 | 1700 USD_thousands | Total cash − restricted cash (USD thousands) atlas-FY2024-cash, atlas-FY2024-restricted_cash | within limit; limit >= 1500 USD_thousands |
| Balance sheet reconciliation · FY2024 | 0 USD_thousands | Total assets − total liabilities − total equity atlas-FY2024-total_assets, atlas-FY2024-total_liabilities, atlas-FY2024-total_equity | Reconciles; target 0 ± USD 1 |
| Current ratio · FY2024 | 1.8 x | Current assets / current liabilities atlas-FY2024-current_assets, atlas-FY2024-current_liabilities | not applicable |
| Maximum gross leverage · FY2025 | 2.5 x | Total debt / EBITDA atlas-FY2025-total_debt, atlas-FY2025-ebitda | within limit; limit <= 3 x |
| Minimum debt service coverage · FY2025 | 1.9 x | (EBITDA − cash taxes − maintenance capex) / (cash interest + scheduled principal) atlas-FY2025-ebitda, atlas-FY2025-cash_taxes, atlas-FY2025-maintenance_capex, atlas-FY2025-cash_interest, atlas-FY2025-scheduled_principal | within limit; limit >= 1.25 x |
| Minimum unrestricted cash · FY2025 | 1800 USD_thousands | Total cash − restricted cash (USD thousands) atlas-FY2025-cash, atlas-FY2025-restricted_cash | within limit; limit >= 1500 USD_thousands |
| Balance sheet reconciliation · FY2025 | 0 USD_thousands | Total assets − total liabilities − total equity atlas-FY2025-total_assets, atlas-FY2025-total_liabilities, atlas-FY2025-total_equity | Reconciles; target 0 ± USD 1 |
| Current ratio · FY2025 | 2 x | Current assets / current liabilities atlas-FY2025-current_assets, atlas-FY2025-current_liabilities | not applicable |
| Revenue growth · FY2025 | 9.090909090909 % | (Revenue FY 2025 / revenue FY 2024 − 1) × 100 atlas-FY2024-revenue, atlas-FY2025-revenue | not applicable |
Review history
No review decisions recorded.
Authored reviewer guide
- FY 2025 gross leverage is exactly 2.50x against a 3.00x maximum.
- FY 2025 contract-defined DSCR is exactly 1.90x against a 1.25x minimum.
- USD 1,800 thousand unrestricted cash clears the USD 1,500 thousand minimum.
- The reporting deadline and additional-debt restriction are extracted, but cannot be tested from statements alone.
- Balance sheets reconcile in both periods; FY 2025 current ratio is 2.00x.