Financial Statements & Ratio Analysis
Read an income statement and balance sheet, then calculate the ratios analysts use, on a live spreadsheet.
Every course ends with a final exam and a verifiable certificate. The first lesson is always free.
Financial statements, modelling, valuation, M&A, treasury and credit — practised on real numbers.
Read an income statement and balance sheet, then calculate the ratios analysts use, on a live spreadsheet.
Build a forecast, free cash flows, WACC, terminal value and a full DCF with sensitivity table, every cell checked live.
Build a full master budget, a cash budget and a 13-week forecast, then explain the variances, every cell checked as you go.
Price loans, bonds and projects yourself: FV, PV, PMT, effective rates, NPV, IRR, payback, WACC and incremental cash flows, every cell checked live.
Value a company with trading comps and precedents, build an LBO from sources & uses to IRR, and test M&A accretion and synergies, every cell checked live.
Score a borrower, calculate leverage, DSCR and debt capacity, test covenants, build a borrowing base and price the risk, on live auto-graded spreadsheets.
Calculate net interest margin, price a loan, run a rate-shock gap analysis, compare APYs, weight assets for capital, price insurance risk and reserve claims with the chain ladder, on live auto-graded spreadsheets.
Price bonds from their cash flows, solve yields, accrued interest, spot and forward rates, duration, convexity and immunisation in a live spreadsheet, every cell checked. Educational only, not investment advice.
Build one company model from historicals to drivers, schedules, income statement, balance sheet and cash flow, with a scenario switch, every cell checked live.
Value start-ups with the VC method, model dilution, liquidation preferences, notes and SAFEs, then fund fees, carry, DPI/TVPI, XIRR and the J-curve, every cell checked live.
Cash positions, short-term forecasts, working capital, cash pooling, FX exposure, forwards, options and interest-rate swaps, practised in graded labs.