Can you hang your hat on interim financial statements – Navigating pitfalls to get the most from midyear

Description

Abstract: Financial statements present a company’s financial condition at one point in time. But when borrowers report only year end results, lenders are left in the dark until the next year. While interim reporting may provide some insight into borrowers’ ongoing performance, lenders who recognize both its pros and cons can most effectively minimize the risk of year end surprises.