Cash Flow & Liquidity Command Center

Meridian Industrial Holdings – Q3 FY2024

Liquidity Coverage Ratio
1.47×
+0.09 vs prior
Cash Conversion Cycle
64d
-3d improved
Covenant Headroom
18%
-5% vs Q2
Days Sales Outstanding
47d
+2d vs target
FCF to EBITDA
68%
+4% vs Q2
AR Concentration Risk
32%
Elevated

Rolling 13-Week Cash Forecast vs. Actual

Waterfall view · Forecast accuracy 94% (±$2.1M avg variance)

On Track

DSO by Customer Tier

Covenant Headroom Trend

Leverage Ratio (Max 3.75×)
3.08×
Headroom: 18% · Greenfield acquisition impact

Working Capital Components (Days)

DPO vs. Discount Capture Rate

Current DPO
52d
Discount Capture
87%

Entity-Level Operating Cash Burn Rate (Monthly)

$M · Red zone indicates negative operating cash flow

Entity
W-13
W-12
W-11
W-10
W-9
W-8
W-7
W-6
W-5
W-4
W-3
W-2
W-1
OpCo East
+2.8
+3.1
+2.9
+3.4
+2.7
+3.2
+3.0
+2.6
+3.3
+2.9
+3.1
+2.8
+3.2
OpCo West
+1.4
+0.8
+0.5
-2.1
-3.4
-1.8
+0.3
+0.6
+1.1
+1.3
+1.5
+1.6
+1.8
OpCo Central
+1.9
+2.1
+1.8
+2.2
+2.0
+1.9
+2.3
+2.1
+2.0
+2.2
+2.4
+2.1
+2.3
Greenfield
+0.9
+1.1
+1.2
+1.4
+1.3
+1.5
+1.6
+1.7
+1.8
+1.9
+2.0
+2.1
+2.2
OpCo North
+1.6
+1.8
+1.7
+1.9
+1.6
+1.8
+2.0
+1.7
+1.9
+1.8
+2.1
+1.9
+2.0
OpCo South
+1.2
+1.4
+1.3
+1.5
+1.4
+1.6
+1.5
+1.7
+1.6
+1.8
+1.7
+1.9
+1.8

Interest Rate Exposure Ratio

Variable Rate Debt
$84M (64%)
Fixed: $47M · 100bps rate Δ = $840K annual impact

Free Cash Flow Trend

AR Aging Detail – Top Accounts

Customer Name Tier AR Balance Current 1–30d 31–60d 61–90d 90+d Risk
Alpha Automotive Tier 1 $4.2M $1.8M $0.9M $0.4M $0.0M $1.1M Critical
Beta Manufacturing Tier 2 $3.1M $2.4M $0.5M $0.2M $0.0M $0.0M Low
Gamma Industrial Tier 2 $2.8M $2.1M $0.6M $0.1M $0.0M $0.0M Low
Delta Components Tier 1 $2.5M $1.7M $0.5M $0.2M $0.1M $0.0M Medium
Epsilon Systems Tier 3 $1.9M $1.6M $0.3M $0.0M $0.0M $0.0M Low
Zeta Fabrication Tier 2 $1.7M $1.2M $0.4M $0.1M $0.0M $0.0M Low
Eta Distribution Tier 3 $1.4M $1.1M $0.2M $0.1M $0.0M $0.0M Low
Theta Heavy Equipment Tier 1 $1.2M $0.8M $0.2M $0.1M $0.1M $0.0M Medium