What is the Financial Health Rating?
The Financial Health Rating (FHR®) is the cornerstone of RapidRatings. The FHR is a single number from 0-100 that indicates the overall financial health of a given company at a glance and is an industry standard for determining a company’s viability.
By using 300,000+ global public and private companies across 24 industry sectors, spanning more than 3 decades to calibrate our model, the FHR is able to project reliable forecasts of the 12-month and long-term outlooks of the companies that touch your business, and predict probabilities of default with proven, high accuracy. We have eliminated the uncertainty of qualitative, market-data driven, payment history and other subjective ratings to provide the only entirely unbiased ratings system in the industry.
The FHR is:
- Using solely quantitative methods and machine learning techniques that analyze all relevant financial data
- Rating private financial statements and public company filings
- Accounting for differences across sector, size, strengths, and weaknesses