Privately held companies appear to be relatively stable and strong, as indicated by their balance sheets and income statements, according to a new report from Sageworks, a provider of data on private companies.

[IMGCAP(1)]Financial statements with year-ends from the past year show that businesses are growing sales at an annual rate of 8 percent, a rate that, despite being slightly lower than a year ago, indicates strong revenue growth. Private companies are also experiencing higher net profit margins, of nearly 8 percent, in the most recent period, compared to previous years

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access