To generate a Financial Health Rating (FHR), RapidRatings requires a defined set of financial statements and line items from your company. This article describes the financial statements required, the specific line items needed within each, the data quality conditions submissions need to meet, and the formats RapidRatings accepts.
The FHR is generated entirely from objective, quantitative financial data — qualitative factors are not part of the underlying analysis.
Financial statements required
RapidRatings requires three financial statements to generate an FHR: a balance sheet, a profit & loss statement (also called an income statement), and a cash flow statement if your company produces one. A cash flow statement is not strictly required if your company does not prepare one — the rating can be generated without it, provided the omission is noted in the submission.
Each statement should cover the two most recent annual periods. The most recent interim period should also be included if available, as more recent data produces a more current rating.
Required line items
At a minimum, RapidRatings requires the following line items from each statement.
Balance Sheet | Profit & Loss Statement | Cash Flow Statement |
Total Current Assets | Sales Revenue | Cash from Operations |
Cash and Cash Equivalents | Operating Profit |
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Total Assets | Depreciation |
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Total Current Liabilities | Interest Expense |
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Debt Owed Within 1 Year | Net Profit |
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Total Liabilities |
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Debt Owed Greater Than 1 Year |
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Total Equity |
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Submissions through QuickSync, the Structured Template, or the Enter Your Own Financials option automatically capture the required line items in the correct format. RapidRatings can also provide a country and language-specific Financial Input Template upon request through the Member Services team. RapidRatings can process financial statements in most languages.
Data quality requirements
Each submission should meet the following conditions:
Units and currency are clearly indicated. Units may be expressed as actuals, thousands, or millions, and the convention used should be stated.
The start and end dates of the profit & loss statement and cash flow statement are included.
The balance sheet date matches the fiscal year-end date on the profit & loss statement.
At least twelve months of profit & loss data ending within the past year is provided. Twelve months can be assembled from multiple consecutive periods if a single full-year statement is not available.
The balance sheet balances. For US companies, this means Assets = Liabilities + Equity. For non-US companies, this means Total Assets = Total Liabilities + Total Equity, with all assets and liabilities included — including provisions, deferrals, accruals, and severance indemnities. Items of this nature should be included in the totals or provided separately.
If your company does not produce a cash flow statement, the omission is noted in the submission.
Accepted statements and formats
Audited financial statements are not required. RapidRatings accepts unaudited financial data, including management accounts, internal financials, and draft statements. The Submitting Unaudited and Interim Statements article in this Help Center describes accepted formats in more detail.
What happens with incomplete submissions
The FHR is generated from the data provided in the submission. If a submission is incomplete, contains conflicting figures, or requires clarification, the Member Services team will contact the submitting company to resolve the issue. Until the required information is received, an FHR cannot be generated for the company.