We define capital consumption as cumulative capital consumed for each $1 of ARR achieved to date by year-end. [1]
Capital consumed ratio is a measure of the total primary cumulative equity raised plus debt drawn minus cash on the balance sheet (adjusted for dividents/distributions) [2]
[1] Retrieved May 21, 2021, from https://study.com/academy/lesson/capital-consumption-allowance-cca-definition-formula.html
[2] Retrieved May 21, 2021, from https://www.key.com/kco/images/2019_KBCM_saas_survey_102319.pdf