In the pack: ChatGPT, Claude & Gemini Prompts for Finance and Accounting Professionals
Covenant Compliance Calculation
Prompt
Covenant wording from the facility agreement: {{COVENANT_WORDING}}
Financial figures for the test period: {{TEST_FIGURES}}
Test date and period: {{TEST_DATE_AND_PERIOD}}
Adjustments permitted by the agreement (add-backs, exclusions): {{PERMITTED_ADJUSTMENTS}}
1. Restate the covenant in plain words and list each term that needs a definition from my wording; ask me for any term I did not define.
2. Calculate the ratio exactly as defined, writing the numerator and denominator and each adjustment step by step.
3. Compare with the threshold and compute the headroom both in ratio terms and in currency (how much the numerator or denominator could move before breach).
4. Run two sensitivities that I specify or, if I haven't, a stated change in earnings and in debt, and show the results.
5. Draft two sentences for the lender compliance certificate cover note, marked draft.
Rules: use my definitions, not general ones; if wording is ambiguous, say so and show both readings. Do not give legal interpretation of the agreement.
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About this prompt
“Covenant Compliance Calculation” is a free prompt for ChatGPT in the Business category, 175 words long, added to The Prompt Index on October 28, 2026 by The Prompt Index. Copy it with the button above, paste it into ChatGPT or any other AI chat assistant, and send it.
It has 4 placeholders to fill in first:
{{COVENANT_WORDING}}, {{TEST_FIGURES}}, {{TEST_DATE_AND_PERIOD}}, {{PERMITTED_ADJUSTMENTS}}.
Use the “Customize this prompt” fields to personalise it before you copy.
Recommended models: ChatGPT, Claude, Gemini.
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