Prepared a Quality of Earnings report to simplify the company’s financials. This robust financial information package interpreted the results of the operations. The report included tables and charts, along with a discussion of trends and unusual items, to help the reader (i.e., financial institutions) better understand the business’s performance.
Indicated expenses that were one-time charges. Through discussions with the company’s management, we identified one-time expenses which were not expected to be incurred in the future. These expenses were “added back” to the net income and earnings before interest, taxes, depreciation, and amortization (EBITDA) in order to determine the normalized results of the company.
Presenting the company’s financial information in this manner allowed the banks to clearly understand the data and made them more comfortable with the business’s performance. This led to the company obtaining a 20% increase in their line of credit and an improved relationship with the bank.
The Persuader Version 2.4