• Interim Financial Statements, Usually Less Than One Year, are Used by Creditors Until a Full Annual Financial Statement is Issued
• Credit Analyst Will Compare Performance During Similar Prior Interim Periods, and Thus be Able to Identify any Positive or Negative Trends
• The Same Holds True for the Gross, Operating, and Net Profit Margins, Not to Mention Working Capital, Cash Flow, Leverage, and Debt Service Capacity
• Lenders Like Lending with the ‘Lights On’
• IMPORTANCE TO YOU - You must know what financial reporting requirements are expected. Is there any doubt that you really don't know what's going on, or expected?