Additional Funds Needed

Calculate additional funding requirements for business growth.

Additional Funds Needed Calculator - Free Business Planning Tool

Additional Funds Needed Calculator

Calculate the additional funding requirements for your business growth based on projected sales increases and financial ratios.

Financial Information

Current Year Data

Accounts payable, accrued expenses, etc.

Growth Projections

Percentage of earnings retained (not paid as dividends)

Results

Additional Funds Needed

Projected Sales

Required Assets

Retained Earnings

AFN Calculation Breakdown

Increase in Assets Required:
- Increase in Spontaneous Liabilities:
- Addition to Retained Earnings:

Additional Funds Needed:

Interpretation

AFN Formula & Guide

Formula

AFN = (A/S₀) × ΔS - (L/S₀) × ΔS - MS₁ × RR

Where:

A/S₀ = Asset-to-sales ratio

ΔS = Change in sales

L/S₀ = Spontaneous liability-to-sales ratio

M = Profit margin

S₁ = Projected sales

RR = Retention ratio

Key Concepts

Spontaneous Liabilities:

Liabilities that increase automatically with sales (accounts payable, accrued expenses).

Retention Ratio:

Percentage of net income retained in the business rather than paid as dividends.

Asset Intensity:

How much assets are required to support each dollar of sales.

Uses of AFN

  • • Financial planning and budgeting
  • • Determining financing requirements
  • • Growth strategy planning
  • • Investment decision making
  • • Cash flow management

Factors Affecting AFN

  • • Sales growth rate
  • • Asset utilization efficiency
  • • Profit margins
  • • Dividend policy
  • • Spontaneous financing

Tips for Reducing AFN

Operational Strategies

  • Improve asset turnover ratios
  • Reduce inventory levels
  • Speed up collections
  • Extend payment terms with suppliers

Financial Strategies

  • Increase profit margins
  • Retain more earnings (lower dividends)
  • Use operating leases instead of purchases
  • Optimize capital structure
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