“A financial diagnostic? What is that?!”

Simply put, it’s a tool used to assess an organization’s financial health, performance and stability. It involves reviewing various financial metrics, ratios, statements and other indicators to understand how well a company is managing its resources, generating profits and meeting its financial obligations.

These insights help identify strengths, weaknesses, opportunities and threats related to a company’s financial position. Allowing management, investors, lenders and other stakeholders to make informed decisions about the company’s future strategies, investments and financial management practices.