Financial data is data that is somewhat costly. This shows how well someone can handle their finances. Banks and other lending organizations require customers’ monthly income information to ensure that borrowers can repay their debts. So, this statistic can be utilized to find out how liquid an individual or company is. When deciding how to rank companies, major credit rating agencies like Moody’s and S&P look at their financial records. Businesses deal with many different types of people while handling money. In order to assess the creditworthiness of a corporation, it is necessary to carefully review each transaction. Read on to learn more about sources of financial information and become the subject matter expert on it.
In today’s interconnected world, having accurate financial information is crucial for managing the complexities of the global economy and making well-informed decisions. Comprehending the origins of financial information is crucial for evaluating risk, identifying prospects, and achieving financial goals for investors of all sizes. The wealth of available financial data, whether in the form of expert analysis, company reports, economic indicators, or market statistics, may help people and organizations make informed financial decisions. This book examines the various sources of financial data and emphasizes their importance in developing financial plans and promoting economic growth.
Sources of Financial Information
Information regarding the company’s finances might also be made available to you by its creditors and debtors. It will be intriguing to see whether the company can meet its bill payment deadlines. Looking at a person’s credit card statements might give you a good idea of how much they spend. To get this information, call the credit card company. You can use the sources of financial information list below for research and educational purposes.
Important Financial Notes
To explain how they recorded different things in their books of account, financial footnotes are a great tool to use. They can elaborate and detail their accounting process if you ask them nicely. Supplying details regarding several sections of financial statements, including the Balance Sheet, the Cash Flow Statement, and others.
An “Intro to SEC Forms” section on Fool.com, for instance, provides connections to data on several parts of financial statements, including those that need registration. In addition to a PDF document outlining all of the SEC filings, the SEC also maintains a searchable online filings database.
Online Resources and Subscriptions
We have provided links to several websites that provide more financial information about publicly traded firms, including the website of the Securities and Exchange Commission (SEC). It is common practice to get the data through SEC files, and the spreadsheet format is often available for download.
Browse the library’s collection for materials that could be useful for your research. Researchers at the Library of Congress have subscribed and can thus access materials that are normally locked with a padlock. You might try your local public or academic library to see if they have these items if you can’t make it to the Library.
SEC Financial Statements & Reports
Registration statements, prospectuses, and Forms 10-K (audited annual financial statements) and 10-Q (unaudited quarterly financial statements) are among the corporate documents that can be freely accessed through the US Securities and Exchange Commission’s Electronic Data Gathering, Analysis, and Retrieval (EDGAR) database. Registration statements, prospectuses, and Forms 10-K (audited annual financial statements) are all part of the periodic reports.
Bloomberg’s Energy & Ag Report
Going to Bloomberg.com/markets will give investors a quick rundown of the current state of the market. An overview of the market, containing statistics from the American, European, and Asian economies, is located at the website’s very top. Mediterranean, American, European, African, and Middle Eastern indexes are readily available.
Particular commodities, futures, stocks, and currencies can also be researched. By navigating to the “Market Data” menu and choosing the “Economic Calendar” option, buyers may stay updated on recent and upcoming economic data, like the EIA Petroleum Status Report. Historical price charts and slightly out-of-date price quotes are also available on this page.
Value of Stocks
You may find stock prices in many different databases. Below is a list of databases that the Library has access to. The public or academic library near you should have more options if you’re looking for a larger collection. If shareholders provide their consent, the proxy statements will include all relevant information regarding stock repurchases. Choosing the optimal 8K is entirely up to the company’s board of directors.
Financial Statement
The balance sheet displays the assets and liabilities of the business, along with their difference. This is the wealth of the business, or the equity of the owners. Depending on how recently they were acquired, assets might be either recent or non-recent. Those assets that can be turned into cash immediately or sold for a quick profit are known as current assets. So, this conversion can occur within a year. Money in a bank or savings account, livestock for sale, and business loans all fall under this category. Intermediate assets include things like titled vehicles, agricultural implements, and livestock.
Typically, “intermediate assets,” including examples like farmland and buildings with a one to five-year shelf life or consumable nature, are considered long-term assets. Evaluating both long-term and short-term assets is possible based on cost or market value. After deducting all costs and expenses, the determination of the cost basis value takes place. In a free market, an item’s market value is what it could fetch in an auction.
Distinguishing between current and non-current liabilities is feasible, with “current liabilities” being debts due within a year, including taxes, interest, and principal on term debts. Debts secured by real estate with over five-year repayment terms are long-term liabilities. Any unpaid taxes become liabilities upon asset sale. The total assets and liabilities determine a business’s net worth, proving equality when assets equal liabilities.
Finance Real-time Quotes & Charts
Free real-time prices, breaking news, and market data from across the world are available to investors. An international, European, and American market snapshot is available on Yahoo! Finance’s homepage. The system displays both the current exchange rate and the option to swap currencies. An overview of the day’s major news items is also available on the website. By utilizing the site’s search function, market participants can acquire real-time price quotes.
From one day to several decades, investors can choose from historical price charts. The charts can also incorporate splits, dividends, and a handful of popular technical indicators. Investors can choose from a variety of historical price charts according to their interests. Another useful feature for buyers is the ability to compare the historical performance of multiple stocks using the “Compare” option. Reliable sources of financial information are essential for informed decision-making in the business world.
Statement of Cash Flows
There are two main categories of cash flows: inflows and outflows. When money comes into a company, it’s called an inflow, and when it goes out, it’s called an outflow. The income statement often makes use of categories to illustrate the classification of incoming and outgoing cash. This details gains and losses in capital. By using this method, the business frequently checks its cash position. A positive cash flow occurs when a company’s revenue is more than its expenses. One way for a business to monitor its cash flow is via a statement of cash flows.
Expected cash flow is another tool that might assist in preparing for your dairy farm business. Developing this tool involves making use of the dairy farm’s historical cash flow data. Also, a dairy farm owner can learn a lot about the health of their company by utilizing a wide range of metrics developed from data collected from various sources.
Exchange Rates
You may get up-to-the-minute currency rates, analysis and news, converters, and a plethora of other currency instruments on www.xe.com. Currency exchange services are XE’s bread and butter. Moreover, the central bank will send out a free daily email to program participants with information like as interest rates, news headlines, and exchange rates. A variety of mobile platforms, including iOS, Android, Windows Phone, BlackBerry, and iPad, now offer XE Currency apps for download. You can also find a lot of XE-related content on Facebook.
Precious Metals Kitco
Traders and investors access real-time market data on www.kitco.com. This data set includes currency rates, market commentary, historical trends, and price quotes. Also, investors may easily get real-time price quotes for precious metals, the five gold stocks with the best returns, and exchange rates on the website’s homepage.
On the homepage, under the “Charts & Data” menu, investors may get essential metals charts that show current prices, past prices, and technical analysis. The name of Kitco’s online precious metals store is Kitco Metals Inc. News and information pertinent to the market are also provided by them.
Statement of Revenue
The income statement summarizes the revenue and expenses of a dairy farm over a certain time period, which is often one month to a year. Milk sales, sales of cull livestock (such as bull calves and cull cows), and sales of breeding animals are the three main sources of revenue for dairy organizations. The inclusion also covers sales of hay and other commodities utilized by the dairy industry.
You may break down the various expenses that farmers incur into several groups: customs fees, labor costs, feed costs, veterinary care, livestock supplies, interest, fuel and oil, repairs, labor costs, real estate taxes, farm insurance, utilities, dues and professional fees, and so on. Simply add up all of a farm’s cash receipts and subtract all of its cash expenses to get the net cash income. Subtract depreciation from net cash gain to get agricultural income.
Google Finance Dividends & Splits
Google Finance (www.google.com/finance) gives people access to global market data, financial news, and real-time quotes. You may get the most recent quotes, look at price charts, splits, and dividends, utilize a variety of technical analysis tools, and compare trading instruments all on Google Finance. Yahoo! Finance is one example of a service like this. Various sources of financial information provide insights into economic trends and market conditions.
Annual and quarterly financials, important data and ratios, connections to outside sources for analyst estimates, transcripts of SEC filings (EDGAR Online), and other useful information about the company is available to investors.
FAQ
In Terms of Financial Statistics, what is Paramount?
Preparing a cash flow statement, balance sheet, and income statement is necessary. Perusing these three documents quickly allows for the ascertainment of a corporation’s true worth and financial health. So, traders might use them to gauge a company’s financial health.
Can you Tell me the Four Main Features of Financial Data?
Four qualities are helpful for qualitative features: being able to compare and check, being punctual, being easily understood, and having good judgment. Having predictive and confirmatory value, something is relevant if it helps people make and evaluate economic decisions.
Who are the Two Most Important Audiences for Financial Data?
Creditors and lenders will need the data to decide whether or not to lend the business money, and if so, how much. Since they have an interest in knowing whether the money they loaned is in danger, they will keep an eye on the data over time.
Final Words
An umbrella term for all forms of financial data is “financial information.” By definition, “non-financial information” is data that is unrelated to monetary matters. Any supplementary data collected from an individual or business falls within this category. This does not pertain to financial matters. The credibility of an individual or business can be quickly and easily assessed in this way. Rating agencies conduct exhaustive examinations of financial statements, and their decisions are grounded in the findings. To conclude, the topic of sources of financial information is of paramount importance for a better future. To further explore the topic of elements of financial statements, keep reading.
