420-D:7-a Quarterly Financial Calculations. –
I. The following financial statements shall be submitted quarterly by the 45th day after the end of the quarter as follows:
(a) Capital expenditures as a percentage of depreciation ratio (CED).
(b) Unrestricted cash and investments to long-term debt ratio (CD).
(c) Days cash on hand ratio (DCOH).
(d) Debt service coverage ratio (DSCR).
(e) Debt service coverage ratio-revenue basis (DSCR-RB).
(f) Net operating margin (NOM).
(g) Operating ratio (OR).
II. In addition, the provider shall calculate and submit a liquid reserve calculation for each quarter and a detail of current occupancy by category of residency and representation that they are in compliance with all material loan covenants.
III. The quarterly statements shall be signed and attested to by the provider's chief financial officer or if there is no chief financial officer, a company level officer.