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Financial Health Assessment Worksheet

ABOUT THIS DOCUMENT

The Financial Health Assessment document calculates an individual's net worth and other key financial ratios to determine an individual's overall financial health. The financial health results are color coded to provide additional clarification on financial health status. This document requires the following inputs: the individual's assets, liabilities, annual income, and annual expenses. The worksheet will calculate the individual's debt to equity ratio, net worth, cash flow, current ratio, debt ratio, and credit card debt as a percentage of total income.

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Size: 36 kb
Format: Excel Spreadsheet

Text Version

FINANCIAL HEALTH ASSESSMENT WORKSHEET







NET WORTH CASH FLOW

Assets Total Value Annual Income Total Value

Cash and Cash Equivalents Salary $ 75,000

Checking Account $ 5,000 Bonuses $ 20,000

Savings Account $ 45,000 Commission

Money Market $ 10,000 Dividends

Money Owed to You Interest

Investments Rental Income

Common Stock Mutual Funds

Preferred Stock Annuities

Mutual Funds Savings Bonds

Annuities Child Support

Savings Bonds Other

Retirement Other

IRA Other

401(K) $ 50,000 Total Annual Income $ 95,000

Life Insurance Policy Annual Expenses Total Value

Property Mortgage $ 15,000

Home $ 45,000 Rent

Investment/Rental Property Insurance

Vacation Home $ 20,000 Tax

Personal Car Installments $ 6,000

Cars $ 10,000 Car Maintenance

Recreational Vehicles $ 5,000 Gas

Antiques Alimony $ 12,000

Artwork Child Support

Jewelry Other

Collectibles Other

Other Other

Other Total Annual Expenses $ 33,000

Total Assets $ 190,000 Total Annual Cash Flow $ 62,000

Liabilities Total Value

Short Term FINANCIAL HEALTH RESULTS

Auto Loan $ 15,000 Debt to Equity Ratio 108%

Credit Card $ 8,500 Net Worth $ 91,500

Unpaid Income Taxes Cash Flow $ 62,000

Student Loans Current Ratio 2.55

Line of Credit Debt Ratio 52%

Long Term Credit Card Debt (% of Income) 9%

Liens

Life Insurance Loan

401(K) Loan

Mortgage $ 75,000 OVERALL FINANCIAL HEALTH

Home Equity Loan

Total Liabilities $ 98,500

Net Worth $ 91,500



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