{"ok":true,"canonical_url":"https://dealroom.so/glossary/consolidated-financial-statement","api_url":"https://dealroom.so/api/public/glossary/consolidated-financial-statement","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"consolidated-financial-statement","term":"Consolidated Financial Statement","group":"Reading the business","definition":"This combines the financial statements of a parent company and all its subsidiaries into a single report. It gives you a complete picture of the economic performance and financial position of an entire group of related entities.","what_it_means":"If the seller operates multiple related entities that contribute to the business's cash flow, insist on consolidated financial statements. This prevents the seller from hiding liabilities or shifting expenses between entities. Review these to ensure all relevant revenues and expenses are accounted for together.","url":"https://dealroom.so/glossary/consolidated-financial-statement","official_sources":[],"related":[{"slug":"profit-and-loss-statement","term":"Profit and Loss Statement","url":"https://dealroom.so/glossary/profit-and-loss-statement"},{"slug":"balance-sheet","term":"Balance Sheet","url":"https://dealroom.so/glossary/balance-sheet"},{"slug":"ebitda","term":"EBITDA","url":"https://dealroom.so/glossary/ebitda"},{"slug":"sde","term":"SDE","url":"https://dealroom.so/glossary/sde"}],"related_questions":[{"question":"What if my personal financial statement shows low liquid assets?","url":"https://dealroom.so/sba-loans/basics/what-if-my-personal-financial-statement-shows-low-liquid-assets"},{"question":"How important is my personal financial statement for an SBA 7(a) loan application?","url":"https://dealroom.so/sba-7a/questions/how-important-is-my-personal-financial-statement-for-an-sba-7-a-loan-application"},{"question":"What is a 'personal financial statement' and why is it needed for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-is-a-personal-financial-statement-and-why-is-it-needed-for-an-sba-7-a-loan"},{"question":"What does a 'personal financial statement' entail and why is it needed for an SBA 7(a) loan?","url":"https://dealroom.so/sba-7a/questions/what-does-a-personal-financial-statement-entail-and-why-is-it-needed-for-an-sba-7-a-loan"},{"question":"When is a personal financial statement (SBA Form 413) required for non-owner guarantors of a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/when-is-a-personal-financial-statement-sba-form-413-required-for-non-owner-guarantors-of-a"},{"question":"What if my personal financial statement shows low liquidity, but I have a strong credit score and business plan?","url":"https://dealroom.so/sba-7a/questions/what-if-my-personal-financial-statement-shows-low-liquidity-but-i-have-a-strong-credit-sco"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Consolidated Financial Statement","url":"https://dealroom.so/glossary/consolidated-financial-statement","source_type":"DealRoom Data"}}