{"id":90932,"date":"2024-11-27T14:30:55","date_gmt":"2024-11-27T19:30:55","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/?post_type=rbc_my_money_matter&#038;p=90932"},"modified":"2025-05-27T12:52:32","modified_gmt":"2025-05-27T16:52:32","slug":"how-falling-rates-may-affect-your-business-bottom","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/cash-flow-management-and-financials\/how-falling-rates-may-affect-your-business-bottom\/","title":{"rendered":"How Falling Rates May Affect Your Business\u2019 Bottom Line"},"content":{"rendered":"<div class=\"wp-block-rbc-single-article-header\">\n\t<section class=\"section-grey cover pad-t-hlf\">\n\t\t<div class=\"section-inner w-half w-mob-full centered-margin cover section-grey pad-tb-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/entrepreneur\/\">\n\t\t\t\t\t\t\t<span>Entrepreneur<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<h1 class=\"mar-b-hlf mar-t-0 mob-pad-lr-hlf h2 has-black-color\">How Falling Rates May Affect Your Business\u2019 Bottom Line<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By Diane Amato<\/p>\t\t\t\t\t<div class=\"featured-image-wrapper pos-rel\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"668\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/11\/iStock-2143903600.jpg?quality=80\" class=\" cover-image  wp-post-image\" alt=\"The beginning of the new year 2025\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/11\/iStock-2143903600.jpg 2144w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/11\/iStock-2143903600.jpg?resize=300,196 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/11\/iStock-2143903600.jpg?resize=768,501 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/11\/iStock-2143903600.jpg?resize=1024,668 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/11\/iStock-2143903600.jpg?resize=1536,1002 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/11\/iStock-2143903600.jpg?resize=2048,1336 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t<div class=\"article mar-t-dbl\">\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner socials-section\">\n\t\t\t\t<div class=\"top-socials-bar mob-mar-b-hlf\">    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=How Falling Rates May Affect Your Business\u2019 Bottom Line &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/cash-flow-management-and-financials\/how-falling-rates-may-affect-your-business-bottom\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/cash-flow-management-and-financials\/how-falling-rates-may-affect-your-business-bottom\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  <\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner w-half w-mob-full centered-margin pad-tb-0 mob-mar-t-hlf mob-mar-b\">\n\t\t\t\t<p class=\"cover-pub-line text-xs mar-b-hlf\">Published November 27, 2024 \u2022 9 Min Read<\/p>\t\t\t<\/div>\n\t\t<\/section>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner w-half w-mob-full\" style=\"border-radius:0x\">\n<div class=\"wp-block-rbc-rbc-block drop-shadow pos-rel top-line-blue block-wpr  mar-b-hlf\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner\">\n<h4 class=\"wp-block-heading\" id=\"h-tldr\">TLDR<\/h4>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Although interest rates are easing, inflation is still weighing its heavy hand on businesses and consumers alike<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Decreasing rates make now an optimal time to reevaluate saving and borrowing strategies<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Focusing on what you can control and preparing for a range of scenarios can help your business thrive in the year ahead<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Understanding how your customer base is reacting to the economy can help you set your pricing, inventory and staffing strategies<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<p>Canada has come out the other side of a sustained period of rising interest rates. Your business made it through, thanks to strategies that helped to protect your bottom line. Now that rates are beginning to ease, it\u2019s time to reevaluate key aspects of your business \u2013 your cashflow, your debt and your pricing, to name a few. While many business owners are still taking a wait-and-see approach, it\u2019s worth preparing today for what 2025 will bring.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-inflation-and-rates-are-coming-down-but-they-remain-comparatively-high\">Inflation and rates are coming down \u2013 but they remain comparatively high<\/h2>\n\n\n\n<p>According to the latest&nbsp;<a href=\"https:\/\/www.bankofcanada.ca\/2024\/10\/business-outlook-survey-third-quarter-of-2024\/\" target=\"_blank\" data-dig-id=\"LP-90932-f4a10e4b\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"BOC Quarterly Outlook\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">BOC Quarterly Outlook<\/a>, inflation still has a firm grip on businesses and consumers alike, weighing heavily on consumers\u2019 budgets. And, despite recent cuts, interest rates remain relatively high compared to historical levels. The cost of borrowing and the cost of goods remains more expensive than before.<\/p>\n\n\n\n<p>While business conditions remain muted, there are a couple of positive signs: Subdued demand has allowed capacity pressure to ease, allowing businesses to comfortably meet demand. And sales expectations have improved slightly due to recent interest rate decreases and the anticipation of further cuts.<\/p>\n\n\n\n<p>As the flip of the calendar to 2025 approaches, small businesses should consider how lower rates and will affect their financial planning into the new year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-five-considerations-for-business-owners-to-make-the-most-of-today-s-interest-rate-environment\">Five considerations for business owners to make the most of today\u2019s interest rate environment<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-reevaluate-where-your-savings-are-parked\">1. Reevaluate where your savings are parked<\/h3>\n\n\n\n<p>High Interest Savings Accounts and GICs were popular places to park excess cash while interest rates were high. As rates on those vehicles have come down recently, they may not be the best options for optimizing your savings. Instead, look for savings and investment options that offer the potential for higher returns, while also matching your risk profile. If GICs are still appealing to you for the security they offer, consider either preserving the higher rate that you might be achieving now by extending\/locking in or, for new GIC\u2019s consider choosing shorter terms that allow you to be more flexible to respond to market changes.<\/p>\n\n\n\n<p>Diversification is always a best practice and remains so today \u2013 spreading out your cash into different savings vehicles can enable you to preserve, protect and grow your money with limited risk.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-assess-your-debt-and-financing-needs\">2. Assess your debt and financing needs<\/h3>\n\n\n\n<p>Lowering rates spell relief for borrowers with variable-rate loans, as lowering rates mean paying less interest on outstanding debt. And while there are indications from the Bank of Canada that rates will continue to come down, predicting the economy\u2019s next moves can be dangerous. It\u2019s still wise to avoid overborrowing, no matter what rates are doing.<\/p>\n\n\n\n<p>If you have a large purchase to make, or you\u2019re considering borrowing to grow, it\u2019s best to weigh the cost of borrowing against the cost of using your capital. If you do decide to take on new debt, again look for flexible solutions that let you lock in if rates go down but leave the door open to a strategy change if they go up.<\/p>\n\n\n\n<p>As a next step, take a look at your Debt Service Coverage Ratio, which can help you determine whether you\u2019re in good financial shape to take on new loans in the new year.<\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible  mar-b-hlf\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse24c126ca\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse24c126ca\" data-dig-id=\"LP-90932-24c126ca\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Debt Service Coverage Ratio\"><span>Debt Service Coverage Ratio<\/span><span>Debt Service Coverage Ratio<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse24c126ca\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>The Debt Service Coverage Ratio (DSCR) is a key measure of a company\u2019s ability to repay its loans, take on new financing and make dividend payments. Different debt providers may have different numbers they like to see; however, the greater the value over 1.25 (125% coverage), the better. The key value in calculating DSCR is identifying your company\u2019s net income. If your business has a growth plan requiring investor\/lender assistance, it is important to maintain a strong DSCR.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible  mar-b-hlf\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse24c126ca\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse24c126ca\" data-dig-id=\"LP-90932-24c126ca\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"How to calculate Debt Service Ratio\"><span>How to calculate Debt Service Ratio<\/span><span>How to calculate Debt Service Ratio<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse24c126ca\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>The Debt Service Coverage Ratio (DSCR) is a key measure of a company\u2019s ability to repay its loans, take on new financing and make dividend payments. Different debt providers may have different numbers they like to see; however, the greater the value over 1.25 (125% coverage), the better. The key value in calculating DSCR is identifying your company\u2019s net income. If your business has a growth plan requiring investor\/lender assistance, it is important to maintain a strong DSCR.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\n<p>To calculate DSCR, divide net operating income by debt service, which is the sum of all current debts, including principal and interest.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-3-focus-on-what-you-can-control\">3. Focus on what you can control<\/h3>\n\n\n\n<p>As a business owner, there is a lot that\u2019s simply beyond your control. From interest rate fluctuations to geopolitical conflicts to potential changes to the U.S.\/Canada economic relationship, the year ahead is sure to prove the old adage true: The only constant is change.<\/p>\n\n\n\n<p>So how do you set your business up for success? You focus on controlling what you can influence \u2013 namely, your level of preparedness for a variety of scenarios.<\/p>\n\n\n\n<p>Business scenario planning is a crucial step for business owners. Often called \u201cwhat if planning,\u201d it involves making assumptions on what the future will bring \u2013 and determining how these situations, or scenarios, will affect your business.<\/p>\n\n\n\n<p>For instance:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default\">What if interest rates rose by over 3% in a year? What if they fell by 3%?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>What if you lost half your clients?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item is-style-default default\">\n<p class=\"is-style-default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default default\">What if the U.S. imposes steep tariffs on your exports?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item is-style-default default\">\n<p>What if your biggest supplier didn\u2019t pay you on time?<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>Scenario planning lets you see alternative versions of your future business, giving you the opportunity to detect potential pitfalls or cash gaps before they happen. It can also stress test your plans against a variety of situations.<\/p>\n\n\n\n<p class=\"has-light-grey-background-color has-background\">Learn how to prepare for the what-ifs of the year ahead:&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/small-business\/rbc-small-business-talks-incorporating-scenario-planning-into-your-business-plan\/\" data-dig-id=\"LP-90932-6ab8efbd\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC Small Business Talks: Incorporating Scenario Planning into your Business Plan\" class=\"rbc-link-format\">RBC Small Business Talks: Incorporating Scenario Planning into your Business Plan<\/a><\/p>\n\n\n\n<p>It\u2019s also important to remember that financing is just one path to growth \u2013 there are other ways to tap into funding opportunities that aren\u2019t as closely tied to the economy, including non-repayable government grants that can help you expand, create jobs, advance innovation, launch environmental initiatives and more.&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/small-business\/looking-at-government-grants-for-your-business-read-these-tips-before-you-apply\/\" data-dig-id=\"LP-90932-d284ef67\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"GrantMatch can help you find and secure government funding\" class=\"rbc-link-format\">GrantMatch can help you find and secure government funding<\/a>.<\/p>\n\n\n\n<p>There are further opportunities for Black entrepreneurs through the&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/business\/advice\/blackentrepreneur.html\" data-dig-id=\"LP-90932-0b1c458b\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC Black Entrepreneurship Program\" class=\"rbc-link-format\">RBC Black Entrepreneurship Program<\/a>&nbsp;and for young business owners through&nbsp;<a href=\"https:\/\/futurpreneur.ca\/en\/explore\/rbc-beyond-banking\/\" target=\"_blank\" data-dig-id=\"LP-90932-b280c81c\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Futurpreneur\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Futurpreneur<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-4-understand-your-target-market-s-response-to-the-economy\">4. Understand your target market\u2019s response to the economy<\/h3>\n\n\n\n<p>The Bank of Canada is seeing indications of improved demand as the pace of price increases have slowed, and credit conditions have become more favourable.<\/p>\n\n\n\n<p>Still, many consumers are feeling the pinch and have opted for cheaper options, especially for discretionary items.<\/p>\n\n\n\n<p>Recognizing where your offering fits within the consumer mindset \u2013 and whether your customers are likely to spend more or less on what you sell \u2013 can help you establish your pricing, inventory and staffing strategies for the year ahead.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-5-get-ready-to-get-off-the-sidelines\">5. Get ready to get off the sidelines<\/h3>\n\n\n\n<p>If you\u2019re still adopting a wait-and-see approach, that\u2019s fine \u2013 after all, the economy remains in flux and it\u2019s unclear how recent changes to the political landscape south of the border will affect Canadian businesses. As you remain in a sideline position, however, be sure to get your ducks in a row so you\u2019re ready to seize opportunity when the time is right.<\/p>\n\n\n\n<p>This includes:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Getting your business plan up to date<\/strong>:<\/p>\n\n\n\n<p>Try the free&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/business\/advice\/business-plan-builder\/index.html\" data-dig-id=\"LP-90932-5173697a\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC Business Plan Builder Tool\" class=\"rbc-link-format\">RBC Business Plan Builder Tool<\/a>&nbsp;to help you get started on your 2025 plan<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Reviewing your books<\/strong>:<\/p>\n\n\n\n<p>It may be worth connecting with an accountant to ensure your financials are in order \u2013 especially if you\u2019ll be looking to borrow in 2025<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Benchmarking your business with ratios:<\/strong><\/p>\n\n\n\n<p>Ratios can help you can help you evaluate the performance of your business and identify potential pitfalls<\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible  mar-b-hlf\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapseb275bb35\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapseb275bb35\" data-dig-id=\"LP-90932-b275bb35\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Current Ratio\"><span>Current Ratio<\/span><span>Current Ratio<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapseb275bb35\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>Also called Working Capital Ratio, this calculation indicates whether your business has enough cash flow to meet your short-term obligations, act on opportunities and look good in the eyes of potential lenders. It can also help you avoid cash flow problems before they surface.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible  mar-b-hlf\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapseb275bb35\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapseb275bb35\" data-dig-id=\"LP-90932-b275bb35\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"How to calculate Current Ratio \"><span>How to calculate Current Ratio <\/span><span>How to calculate Current Ratio <\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapseb275bb35\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>Divide your current assets by your current liabilities. Ideally, your Current Ratio should fall between 1.5 and 2 \u2014 a ratio of 1 means you may not have enough money to last the year, while a ratio of more than 2 could mean you\u2019re not investing enough into your business for the future.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible  mar-b-hlf\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapseb275bb35\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapseb275bb35\" data-dig-id=\"LP-90932-b275bb35\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Debt Ratio\"><span>Debt Ratio<\/span><span>Debt Ratio<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapseb275bb35\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>Your Debt Ratio shows the percentage of your business\u2019 assets financed by creditors. It\u2019s a ratio a lender will look at before lending money to your business, so it\u2019s wise to know this number before planning the year ahead.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible  mar-b-hlf\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapseb275bb35\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapseb275bb35\" data-dig-id=\"LP-90932-b275bb35\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"How to calculate Debt Ratio\"><span>How to calculate Debt Ratio<\/span><span>How to calculate Debt Ratio<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapseb275bb35\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>Divide your total debt by your total assets. A good Debt Ratio largely depends on your industry, but anything below 0.3 is considered fair. With anything above 0.6, it may be difficult to obtain additional loans.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible  mar-b-hlf\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapseb275bb35\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapseb275bb35\" data-dig-id=\"LP-90932-b275bb35\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Gross Profit Margin\"><span>Gross Profit Margin<\/span><span>Gross Profit Margin<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapseb275bb35\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>This calculation shows you what percentage of your income is profit after paying for the cost of doing business. These costs include labour, materials and other production costs. While it can help you assess your company\u2019s financial health, it\u2019s best used to track your company\u2019s performance over time or benchmark your business against companies in the same industry.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible  mar-b-hlf\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapseb275bb35\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapseb275bb35\" data-dig-id=\"LP-90932-b275bb35\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"How to calculate Gross Profit Margin\"><span>How to calculate Gross Profit Margin<\/span><span>How to calculate Gross Profit Margin<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapseb275bb35\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>Subtract your expenses\/<a href=\"https:\/\/www.bdc.ca\/en\/articles-tools\/entrepreneur-toolkit\/templates-business-guides\/glossary\/cost-of-goods-sold\" target=\"_blank\" data-dig-id=\"LP-90932-f523d6f3\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"cost&nbsp;\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">cost&nbsp;<\/a>of goods sold from your net sales (gross revenues minus returns, allowances and discounts). Then, divide that number by your net revenues and multiply by 100% to calculate the gross profit margin ratio.<\/p>\n<\/div>\n<\/div><\/div>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Meeting with your financial partner:&nbsp;<\/strong>To identify any gaps or weaknesses in your business you need to shore up in advance of any new borrowing requests.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>Canadian businesses and consumers are taking some time to adjust to lowering interest rates, likely feeling cautious after an extended period of inflation and rising rates. Keeping a close eye on the market, your customers and your bottom line, while planning for a variety of scenarios, can help your business make the most of the economic environment \u2013 in 2025 and beyond.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-29b3a8b8-ddbd-4085-b85e-bd0bf1240d8b\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"has-text-align-center h5 mar-b\"><strong>Share This Article<\/strong><\/p>\n\n\n\n\t\t<div class=\"socials-block\">\n\t\t\t    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=How Falling Rates May Affect Your Business\u2019 Bottom Line &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/cash-flow-management-and-financials\/how-falling-rates-may-affect-your-business-bottom\/\">\n        <img decoding=\"async\" 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class=\"wp-block-tk-spacer id-72dc188d-bec6-4725-bf93-4352fdb5747c\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\t\t\t<div class=\"wp-block-rbc-single-post-topics related-topics-links\">\n\t\t\t\t<p class=\"h5 mar-r-hlf\">Topics:<\/p>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/entrepreneur\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Entrepreneur<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mob-pad-t-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading mar-b mob-mar-b-dbl mar-t-0\" id=\"h-read-this-next\">Read This Next<\/h2>\n\n\n\t\t\t<div class=\"related-posts-type-2\">\n\t\t\t\t<div class=\"related-post-list\">\n\t\t\t\t\t<ul class=\"grid-wpr eh-wpr\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full 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href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/cash-flow-management-and-financials\/\">\n\t\t\t\t\t\tCash Flow Management and Financials\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/cash-flow-management-and-financials\/business-insolvencies-avoid-pitfalls\/\" class=\"card-title h4 mar-t-0\">Business Insolvencies Remain High in Canada: Avoid These 6 Pitfalls to Reduce Your Risk and Improve Your Financial Resilience<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-29b3a8b8-ddbd-4085-b85e-bd0bf1240d8b {\n\t\theight: 96px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-29b3a8b8-ddbd-4085-b85e-bd0bf1240d8b {\n\t\t\theight: 30px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-72dc188d-bec6-4725-bf93-4352fdb5747c {\n\t\theight: 60px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-72dc188d-bec6-4725-bf93-4352fdb5747c {\n\t\t\theight: 30px;\n\t\t}\n\t}\t<\/style>","protected":false},"excerpt":{"rendered":"<p>What small businesses should consider on how lower rates will affect their financial planning in 2025.<\/p>\n","protected":false},"author":80,"featured_media":90935,"parent":57333,"menu_order":0,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[157],"rbc_content_type":[31],"rbc_audience":[110],"rbc_lob_group":[35],"rbc_difficulty_level":[33],"rbc_mmm_category":[305,384,323,386,382,324,326,390],"class_list":["post-90932","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-entrepreneur","rbc_content_type-article","rbc_audience-business-owners","rbc_lob_group-business","rbc_difficulty_level-beginner","rbc_mmm_category-business","rbc_mmm_category-business-planning","rbc_mmm_category-business-stages","rbc_mmm_category-cash-flow-management-and-financials","rbc_mmm_category-grow-your-business","rbc_mmm_category-managing-your-business","rbc_mmm_category-right-sized-business-advice","rbc_mmm_category-small-business"],"acf":{"contently_publication_id":"322987","custom_author":"Diane Amato","rbc_video_header":"","rbc_media_duration":"","rbc_video_keywords":"","rbc_video_description":"","rbc_video_upload_date":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":null,"rbc_toc_for_mmm_action":"Generate Table Of Contents"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<meta name=\"description\" content=\"What small businesses should consider on how lower rates will affect their financial planning in 2025.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/cash-flow-management-and-financials\/how-falling-rates-may-affect-your-business-bottom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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