A result of annual instalments covered by generated EBITDA calculated as per EBITDA/ Annual debt instalments either backwards (for last 12 Months) or on a roll-forward method. This ratio is very often used in project financing or Real-estate finance transactions, whereas min. DSCR of 1.25x may be required by the Bank to assure that Project will deliver enough cash to repay principal and interest installments. To secure this, Creditors may also require from Borrower to create up-front an Cash deposit equalling to 2 regular installments at least, to cover potential cash short-fall.