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Company Financials App Now Available


US public companies are required to file their company financials – including income statements, balance sheets, and cash flow statements – quarterly and annually with the U.S. Securities and Exchange Commission (SEC). These financial reports provide a snapshot of the financial health of a corporation and any investor interested in fundamental analysis will typically be looking at these reports in great detail and performing financial analysis, including the calculation of important financial ratios.

We have just published the free Company Financials App for iOS, Android, Windows Phone, and Windows 8.1/10 that lets you explore and analyze US public company high-level financial reports automatically extracted from the XBRL filings in the SEC’s EDGAR database. You can search by company name or stock ticker symbol and view the financial reports of the last four quarters or last four years, as well as charts of annual or quarterly data reaching back several years.

In addition, various financial ratios, such as current ratio, quick ratio, cash ratio, gross profit margin, operating profit margin, return on assets, return on equity, debt/equity ratio, capitalization ratio, asset turnover, free cash flow, and many others, are calculated and displayed for the last four quarters or last four years. This makes the Company Financials app very useful for education purposes, such as business school programs in the area of accounting, finance, or corporate management.

 

Company Financials App

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Financial Analysis of XBRL Corporate Filings on Mobile Devices


In a previous blog post we’ve described some of the problems that are encountered when processing corporate filings from the SEC’s EDGAR database  in XBRL. Today we present a system that overcomes these issues by downloading and processing XBRL filings on a daily basis, normalizing the financial data, computing common financial ratios, storing all data into a SQLite database, and then presenting the corporate reporting data for financial analysis through a mobile app for iOS, Android, and Windows Phone.

We are making all the sources for the data ingestion and normalization process available as Python scripts on GitHub under an Apache 2.0 license. The actual normalization rules as well as the financial ratios being computed are defined in external JSON files that can easily be modified without the need to edit the Python sources. In addition the MobileTogether Design file describing the mobile app is also available as open source in the same repository on GitHub so the mobile application can be easily customized as well to graph different data, show other financial ratios, or do more sophisticated financial analysis.

SECdb Process Diagram

 

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