Sources and uses, with equity as the plug calculator

Sources and uses, with equity as the plug, worked through in your browser.

Interactive: sources and uses, with equity as the plugMedium

The first page of every deal model. The two columns have to be equal, which means the equity cheque is not chosen — it is whatever is left.

Purchase price ($m) Debt refinanced ($m) Fees and expenses ($m) Cash on the balance sheet used ($m) Senior debt ($m) Subordinated debt ($m) Equity rolled by management ($m)

Total uses: —
New debt: —
Cash equity to write: —
Balance: —
Equity share of the funding: —
Spent on the transaction itself: —
Reading: —

Rolled equity is a source here because it never leaves. Whether a lender counts it towards the sponsor's contribution is a credit-agreement question, not an arithmetic one. Information and education only. Not advice, not a valuation, and not a quote for anything.

The idea behind it

This calculator belongs to Leveraged Finance, where the mechanism it computes is explained step by step, with the formula, what each input means and where the simple model stops being right. Everything is computed in your browser; nothing you type is sent anywhere.

Instruments it applies to

Common Stock — A fractional ownership stake in a company — with voting rights, dividend claims and unlimited upside.

More calculators from Leveraged Finance

All calculators

Not advice. This explains how something works; it is not a recommendation, and nothing here is tailored to you. You can lose everything you put in — with leveraged instruments, considerably more. StrikeAndYield is not a regulated firm and provides no financial services.

The same in full — six points, and why each one matters

No advice, no recommendation. Nothing on this page constitutes investment, financial, legal, tax or accounting advice, a personal recommendation, or an offer or solicitation to buy or sell any financial instrument.
Nothing here is tailored to you. This is written for a general audience. It does not consider your objectives, financial situation, knowledge, time horizon or tolerance for loss.
The examples are simplified. Worked examples use round numbers and leave out costs, spreads, taxes, collateral, settlement and market conventions that materially change real outcomes.
The models are teaching models. Formulas shown are standard textbook formulations. Institutions add calibration, live market data and credit, funding and capital adjustments — nothing here will reproduce a dealer’s quote or produce a valuation you can rely on.
These instruments carry risk. You can lose your entire investment. Leveraged instruments — futures, options, CFDs, perpetual futures and similar — can cost you considerably more than you originally deposited.
We are not a regulated firm. StrikeAndYield is an independent publication by DELISORIA. It is not a bank, broker, fund manager or licensed adviser, it provides no financial services, and reading it creates no client relationship. For decisions about your own money, consult a professional licensed in your jurisdiction. See the full disclaimer.