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Financial analysis is the process of evaluating a company’s financial performance in order to assess its financial condition. This includes analyzing past performance, projected future performance, and comparing it with the company’s own goals.
Financial analysts are tasked with examining a company’s assets, liabilities, capital structure, operating costs, and revenue sources in order to provide an informed opinion on the company’s current financial state.
The purpose of this is to determine whether the company is performing well or not doing so well by comparing it with its competitors in that particular industry or sector.