This technical note presents a model in which, through simple operations that start from the EBITDA of a company, calculations are made that lead to two key variables to decide on the appropriate level of indebtedness: EPS and CFNCPA (Uncommitted Cash Flow Per Share). These variables are calculated for each of the financing alternatives available to the company and the results are translated into graphs in which the value of these variables can be compared for each financing alternative for any level of EBITDA that the company has. This is related to the company's DPA policy and, based on the interpretation of these graphs, concrete financing decisions can be made and establish general debt policies.