Tag: credit & finance

Credit extenders must make difficult decisions every day, and these decisions often have an impact on their company’s bottom line.

Data fuels Blue Book scores—inputs are analyzed within a scoring model through a proprietary algorithm. Trade experience surveys, which ask companies to rate experiences with their business partners, are a primary source of data. 

If you don’t think your company’s credit score matters, it does! Just ask your vendors and other business relationships.

Blue Book, the leading provider of produce-specific credit and business information, today released a new feature to members: Credit Application Reference Check Request.

The prominent balance sheet leverage or debt ratio is the debt-to-equity ratio.

Liquidity ratios measure the short-term ability of a company to pay its maturing obligations and unexpected cash needs. Balance sheet liquidity ratios include the current ratio and quick ratio.

Four documents—the balance sheet, income statement (or profit and loss statement), cash flow statement, and statement of owner’s equity—make up what the financial world calls “financial statements.”

Many of the new produce and transportation businesses Blue Book lists have a limited number of personnel and often do not have a financial person on staff, such as a bookkeeper or controller.

It’s important for company owners to know what’s in their company’s credit profile, and this includes the Blue Book score.

Companies with a score of 800 or greater have less than 1% probability of going out of business owing money within a 12-month period.