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

 
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.

 

Out of curiosity, what’s your background? You ask a lot about specific technical things in your posts. Not a criticism or anything, as its always good to be learning. Are you an undergraduate? Wanting to go into IB?

 

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.

 

Quam minus officia eius quod. Non quo facilis omnis veniam autem fuga laborum iusto. Non voluptas architecto enim. Aut excepturi ut ipsam repudiandae omnis consectetur.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
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...”