Ratio & trend analysis
Ratios you can defend
Computed on read, from reviewed spreads.
Current ratio
1.42+0.18
Gross margin
35.3%+0.7 pp
Net debt / EBITDA
2.8×+0.4×
Receivable days
68−5
The suites
What is calculated
Fifteen ratios across four suites, on whichever periods the spread contains.
- Liquidity — current ratio, quick ratio, cash ratio
- Profitability — gross margin, operating margin, net margin, return on assets, return on equity
- Leverage — debt to equity, net debt to EBITDA, interest cover
- Efficiency — receivable days, inventory days, payable days, asset turnover
- Trends across every period the spread holds, not just the latest pair
- Common-size statements for structural comparison between years or peers
How it behaves
Design choices that keep analysis honest
Computed on read
Nothing is cached into a stale table. Fix a spread and the ratios are already right the next time you open them.
Threshold exceptions
Set the bands that matter to your firm and see only what breaches them — the beginning of a findings list, not a wall of numbers.
Traceable inputs
A ratio is a formula over spread lines, and those lines carry their page. The chain from conclusion to evidence stays intact.
Trend-first reading
Direction and pace across periods, so a comfortable ratio that is deteriorating quickly does not read as comfortable.
Client and engagement views
Analyse one engagement's file, or roll up to what the client's financial picture looks like across the work you have done.
Reviewed inputs only
Only spreads that passed the review gate feed analysis, so no one presents a ratio built on an unchecked extraction.
In practice
From a scanned statement to a defensible exhibit
The sequence most teams run: read the document, validate the pages that carry the numbers, spread it, then read the ratio panel and the exceptions before writing a word.
Because the whole chain is in one system, the exhibit in your report and the figure in the file cannot drift apart.
- No copy-paste between reading, spreading and analysing
- Exceptions become findings in the diligence workbench
- Same figures behind the client's page and the engagement's report
Current ratio
1.42+0.18
Gross margin
35.3%+0.7 pp
Net debt / EBITDA
2.8×+0.4×
Receivable days
68−5
About analysis
Can we add our own ratios?
The shipped suites are fixed and tested; bespoke ratios are on the roadmap. Today, teams that need one more measure read the spread through the API and compute it alongside.Which periods are used?
Whatever the merged spread contains. If the client gave you three years, you get three years of trend; if a period is missing, it stays missing rather than being estimated.
See it read your own document
Bring one file you already know well. Thirty minutes is enough to tell whether this belongs in your firm.