FCCR (Fixed Charge Coverage Ratio)

A broader coverage metric than DSCR — it measures a borrower's ability to cover all fixed obligations (debt service, plus lease payments, capex reserves, or other fixed charges), not just debt service alone.

FCCR is common in corporate and OpCo/LBO credit agreements where a business has fixed obligations beyond its debt schedule — an operating lease, for instance — that DSCR alone wouldn't capture.