Financial Analysis Fundamentals
cisuhei Thurles, Co. Tipperary
Financial Analysis Intermediate 11 min read

Ratio Analysis in Practice: Going Beyond the Textbook Formulas

A structured resource from cisuhei covering financial analysis fundamentals — built for clarity and practical application.

Duration

7 weeks

Level

Intermediate

Category

Financial Analysis

Investment

€199

About this resource

Calculating a current ratio of 1.8 is straightforward. Knowing whether 1.8 is good, bad, or irrelevant for a specific company in a specific sector — that is the actual skill this project trains.

Why context changes everything

A retailer with a current ratio of 0.9 might be perfectly healthy. A manufacturer with the same number might be in serious trouble. This project uses 4 companies across different industries to show how the same ratio tells a different story depending on the business model.

The dataset spans 5 years for each company. Trend analysis — not point-in-time snapshots — is where ratio work becomes genuinely useful for decision-making.

What you will build

The main deliverable is a comparative ratio dashboard covering liquidity, profitability, efficiency, and leverage ratios. It is built in a spreadsheet and designed to update automatically when new annual figures are entered.

A written commentary section accompanies the dashboard — 1 page per company, structured around what the numbers suggest and where the analysis has limits.

Skills developed

By the end of this project, reading a set of ratios and forming a reasoned view on financial health takes roughly 25 minutes rather than an afternoon. The process becomes repeatable, not just understandable.

This is intermediate-level work. Some prior exposure to financial statements is assumed — at least enough to know where revenue and total assets appear.

Program structure

  • Module 1: Ratio categories and what each group measures
  • Module 2: Liquidity ratios — current, quick, cash conversion cycle
  • Module 3: Profitability ratios — gross margin, ROE, ROCE
  • Module 4: Efficiency ratios — asset turnover, inventory days, receivables days
  • Module 5: Leverage and coverage ratios — debt-to-equity, interest cover
  • Module 6: Cross-company comparison and dashboard build
  • Module 7: Written commentary — structuring a ratio-based financial opinion
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