Does anyone know where I can find information about the average industry ratios of financial information? I am working on a project and I would like to include more information. For example, I would like to compare a company's times interest earned ratio to that of the industry norm. Where might I find this information.
To find information about the average industry ratios of financial information, you have a few options:
1. Industry Reports: Look for industry reports or research published by financial institutions, consulting firms, or market research companies. These reports often provide detailed information on industry trends, benchmarks, and key financial ratios. Some popular providers include Bloomberg, Standard & Poor's, and IBISWorld. However, please note that most of these reports are paid, and you may require a subscription or purchase.
2. Financial Databases: Utilize financial databases such as Capital IQ, FactSet, or Thomson Reuters Eikon, which provide a wide range of financial data and industry-specific ratios. These platforms offer access to comprehensive datasets and enable you to compare a company's ratios against industry benchmarks. Similar to industry reports, these platforms generally require a subscription or access through an academic institution or a professional setting.
3. Securities and Exchange Commission (SEC) Filings: Publicly traded companies are required to file regular reports with the SEC, such as 10-K and 10-Q filings. These reports often include financial statements and relevant ratios. You can access these filings through the SEC's EDGAR database (Electronic Data Gathering, Analysis, and Retrieval) at www.sec.gov/edgar. While this method allows you to compare a company's ratios against its own historical data, it may not provide specific industry benchmarks.
4. Professional Associations: Consider reaching out to professional associations or industry-specific organizations related to the sector you're interested in. These associations often publish industry-specific reports, journals, or surveys that may provide you with the desired industry ratios. Examples include the American Bankers Association, the National Association of Manufacturers, or the American Institute of CPAs.
Remember, these options provide different types of data and may have varying degrees of accessibility and cost. Be sure to evaluate which approach suits your requirements and budget.