Topic 24
Reading financial statements, line by line
The anatomy series — each lesson maps to one field in the MarketClue financials view.
- 1How the Three Statements Fit Together: The Money Loop11 min read
- 2Revenue: The Top Line, and What Quality of Revenue Means11 min read
- 3COGS, Gross Profit and Gross Margin: The First Test of a Business11 min read
- 4Operating Expenses: SG and A and R and D — Spending to Sustain vs Spending to Grow11 min read
- 5Operating Income, EBIT and EBITDA: Which "Profit" Is Which10 min read
- 6Interest, Taxes and the Effective Tax Rate10 min read
- 7Net Income and EPS: Basic vs Diluted, and Why the Gap Matters10 min read
- 8Cash and Equivalents: Reading a "Fortress" Balance Sheet10 min read
- 9Receivables and Inventory: The Working-Capital Signals10 min read
- 10PP and E, Capex and Depreciation: Asset-Heavy vs Asset-Light Businesses10 min read
- 11Goodwill and Intangibles: What the Company Paid For vs What It Built9 min read
- 12Debt on the Balance Sheet: Maturities, Covenants, and When It Turns Dangerous11 min read
- 13Deferred Revenue: The Liability That Is Usually Good News8 min read
- 14Shareholders' Equity and Retained Earnings: The Scorecard of History9 min read
- 15Operating Cash Flow: Why Cash Is Not Profit10 min read
- 16Capex and Free Cash Flow: The Number Owners Actually Eat9 min read
- 17Financing Activities: What Buybacks, Dividends and Debt Moves Reveal9 min read
- 18The 15-Minute Statement Scan: What to Check First10 min read
- 19Line-Item Red Flags: Receivables Outrunning Sales, and Their Cousins11 min read