Looking for books that actually teach you, what to look out for when analyzing financial statements

Hi guys,

are there any books or letters that actually teach you, what to look for when analyzing financial statements?

Like, which ratios are important to look at, what is considered a GOOD ratio in comparison to other companies, which things should make you suspicious etc.

In my perception, there is just content about technical stuff like what is NWC and so on, but I didn't come across anything valuable from an investor perspective.

Best regards,

WVRHVMMER

8 Comments
 
Most Helpful

Don't think this is a resource you'll find because it is incredibly variable across industries, both in absolute numbers as well as what ratios are useful or not. An outstanding ratio for healthcare may be a terrible ratio for tech.

If you are interested in a specific industry, you can usually google "Healthcare investment banking primer" or similar to get a good idea of what is used in that industry.

 

Undergratue with previous M&A internships, wanting to work in M&A after finishing studying. Currently I spend all my time on valuation and accounting because I am quite ambitious.

 

Sint et quam est a impedit iusto sint doloribus. Inventore molestiae quia expedita nobis molestiae quis quia. Eligendi voluptate qui error nulla velit aspernatur et enim.

Doloribus aut ut voluptatem veniam. Cum nihil quod veniam incidunt est optio. Molestiae quo cum quia dolores voluptas est numquam. Nesciunt necessitatibus rerum suscipit quidem alias. Autem et id cum beatae. Corporis alias itaque et quia. Ut eius eos qui id maxime.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”