That does not give me the available short circuit current only the results of the infinite bus fault current at the transformer terminals reduced by the impedance of the secondary cables to the service entrance equipment. Not the same thing.
For example: A 1500 kVA, 480Y/277V sec, 5% Z would have an infinite bus short circuit of ~36 kA at the terminals. Depending on cable impedance, let's say it is reduced to 33.5 kA. However, if the utility available fault current is low, this value could be as low as ~21 kA. That could make a big difference on the clearing time of the service overcurrent protective devices.
The other factor is for older existing systems that have be expanded over the years, it could make the difference in equipment being overdutied or not and the level of incident energy to determine the proper arc rated PPE.