Secured vs. Unsecured Loans: What Your Collateral Buys You — and What It Risks
Secured loans cost roughly half as much as unsecured ones — but the lender can seize your collateral and sue for any shortfall.
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Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Global Cash Flow, Explained: How SBA Lenders Combine Your Business, Affiliates, and Personal Obligations Into One Debt-Service Test
SBA lenders require 1.0x global debt-service coverage across your business, affiliates, and personal debts — a side venture's losses can sink the loan.
Ryder Q3 2026 Earnings: $4.16 EPS (+25%) Before a $4.30 Pension Charge Zeroes Q4
Ryder earned $4.16/share in Q3 2026 (+25%) on $3.43B revenue; a ~$4.30 non-cash pension settlement will push Q4 GAAP EPS near zero with equity untouched.
RLI Q3 2026 Earnings: Net Income Falls 35% on Equity Marks, Operating EPS Up 5%
RLI's Q3 2026 net income fell 35% to $81.0M on a $45.3M equity-mark swing, yet operating EPS rose 4.9% to $0.86 on an 86.2% combined ratio.
Refund Anticipation Loans and Refund Advances, Explained: What a 0% Tax-Time Loan Really Costs
A 0% IRS refund advance still costs the prep fee you paid to qualify — and you owe the full advance if your refund comes in short.
Purchase Price Variance, Explained: The Formula That Tells You Whether Procurement Beat the Budget
Purchase price variance is (actual price minus standard price) times quantity purchased: positive means you overpaid, negative means you beat the budget.
Pool Corp Q3 2026 Earnings: 4% Growth the Margin Couldn't Keep
Pool Corp Q3 2026 sales rose 4% to $1.5B, but operating income fell 3% and EPS held flat at $3.40 on buybacks; the guide implies a $0.64–$0.94 Q4.
PG&E Q3 2026 Earnings: Core EPS Falls 18% to $0.41 as 2027 Capex Is Cut $2B
PG&E's Q3 2026 core EPS fell 18% to $0.41 and GAAP EPS 8% to $0.34 on a lower allowed ROE; the $1.64–$1.66 guide held as 2027 capex was cut $2B.
The Operating Cycle, Explained: How DIO Plus DSO Measures the Days From Inventory to Cash
Operating cycle equals DIO plus DSO — days from stocked inventory to collected cash. Subtract DPO for the cash conversion cycle.
Norfolk Southern Q3 2026 Earnings: Record $3.53B Revenue, 67.4% Operating Ratio
Norfolk Southern Q3 2026 revenue hit a record $3.53B (+14%), EPS rose 7% to $3.37, and the operating ratio worsened 280 bps to 67.4% as merger costs mounted.
Newmont Q3 2026 Earnings: Record $2.3B Adjusted Profit, $1.9B Back to Shareholders
Newmont Q3 2026 net income rose 35% to $2.48B on $4,317 gold while output fell 8.5%; $1.9B went back to shareholders ahead of the Red Chris decision.
Net Present Value (NPV), Explained: How Discounting Future Cash at Your Hurdle Rate Tells You Whether a Project Creates Value
NPV discounts every future cash flow to today's dollars at your hurdle rate — a positive total means the project creates value, so accept it.