What Vanward calculates
EBITDA bridge, adjusted working capital, indicative peg and proof of cash.
The method
- Add interest, income taxes and depreciation and amortization to net income for reported EBITDA, then add entered EBITDA adjustments. Working capital is cash, receivables, inventory and other current assets less payables, accrued expenses, related-party payables and other current liabilities, plus entered working capital adjustments.
- Draft and approved adjustments both appear in the working schedules; support and approval are checked separately. The indicative peg is the average of twelve complete monthly adjusted working capital balances. Missing figures stay missing rather than becoming zero.
- Roll bank cash forward with receipts and disbursements. Adjust for deposits, checks and other reconciling items and compare with the ledger. Compare receipts with revenue less receivables movement and payments with expenses less payables movement. Round monetary totals to cents.
What the company decides
Account mappings, periods, supporting records, adjustment selection and approval, cash reconciling items and any negotiated peg. These inputs and judgments are outside the guarantee.
Where it shows in Vanward
Self quality of earnings workspace, EBITDA bridge, working capital and proof of cash reports.
Method change log
- 2026-11-09 · 1.0 published