The Financial Health Of The Haemonetics Corporation
1479 WordsJul 21, 20166 Pages
Final Statement Analysis, Part Two
Companies are required to submit financial statements at least yearly. These statements are used by number of groups and individuals ranging from internal managers, shareholders, prospective investors, suppliers, financial institutions and even the government. Each has it own reason for reviewing the statements, but all are able to get their desired information from the financial statements and reports. The purpose of financial statements is to offer and support information about the company’s financial performance, position and any changes during a specified time frame. The three main statements are the income statement, the balance sheet and the statement of cash flow, the 10K is also included in the yearly submissions. Analyzing this information and including some general acceptable accounting ratios can provide the user more awareness of the company’s financial health. This paper will look at the financial health of the Haemonetics Corporation by reviewing the horizontal and vertical analysis of the income statement, balance sheet and selected ratios.
Haemonetics is a business specializing in a “portfolio of devices, information management, and consulting services offers blood management solutions for each facet of the blood supply chain – from blood collectors to hospitals” (Haemonetics, 2016). Established in 1971 and located in Braintree Mass. Haemonetics is a global corporation that works in an