Financial Statement Analysis
Read a company the way a lender does: common-size statements and trends, margins and DuPont, liquidity and cash flow, leverage and coverage, then a covenant case. Every answer is a formula, checked cell by cell.
- 15 exercises
- 242 graded cells
- 156 minutes of practice
- 1 free lesson
Syllabus
Reading the Statements
Common-Size and TrendFree
Put every line over revenue or total assets, index five years to a base year, and find the compound growth rate.
Profitability and DuPontFull access
Build profit at every level and its margin, measure returns on average assets and equity, and split ROE into margin, turnover and leverage.
Credit Analysis
Liquidity and Cash FlowFull access
Measure liquidity against the bills due within a year, turn working capital into days, and test whether profit is turning into cash.
Leverage and CoverageFull access
Measure debt against EBITDA, capital and equity, measure how many times earnings cover the fixed charges, and test both against the covenants.
Covenant Case
Covenant Case: Northwind PackagingFull access
Work out covenant EBITDA with its add-backs and cap, test every quarter against a stepping-down limit, and size the equity cure for the first breach.
Guides for this course
Review a concept before your next exercise.
Keep practising
Check your skills with the free financial modeling test, or explore a related course.
Included in full access
This course and every other on FinX, plus every course added later.
$99.99 USD · paid once
One-time payment. No recurring subscription. 30-day money-back guarantee. Review the final total at checkout.
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Read the refund policyWhat you'll build:
- • Reading the Statements
- • Credit Analysis
- • Covenant Case