A financial statement of companies, also known as the company’s financial reports, is a set of documents that provide information about the financial status and performance of a business at a given point in time. It includes income statements, balance sheets, cash flow statements, equity statements, and other filings that track and show changes in the company’s financial position over time. Financial statements give investors, banks, and other creditors a way to measure an organization’s profitability, solvency, and cash flow. They also provide a picture of the company’s ability to pay its bills and dividends to shareholders. By analyzing the data in these statements, one can gain an understanding of how a business has performed historically and whether it is positioned for success in the near future.