CIFHA case studies
CIFHA · Put your knowledge to work in context.
The Certified International Financial Health Analyst (CIFHA) is a professional credential for analysts who assess the financial condition of companies, borrowers, or portfolios and translate that assessment into a defensible view of stability, liquidity, and risk. It suits credit analysts, financial statement analysts, corporate finance and FP&A staff, risk and compliance professionals, and advisors who need a structured, cross-border vocabulary for judging financial health rather than simply computing ratios. The exam is multiple choice and spans six domains: financial statement analysis; financial health assessment and metrics; ratio and trend analysis; cash flow and liquidity analysis; risk management and credit assessment; and financial planning and forecasting. Questions tend to test judgment as much as recall-choosing the right metric for a situation, interpreting a deteriorating trend, or spotting when reported cash flow contradicts reported earnings. The CIFHA case studies are 5 cases and about 2,362 words.
1The Distributor With Growing Sales and Shrinking Cash
Northwind Supply Co. is a regional industrial distributor.
472 words, about 2 min2Two Companies, One Ratio
You are comparing two firms in the same industry for a supplier-credit decision. Both report a current ratio of 1.6 and a quick ratio of 1.0.
505 words, about 3 min3The Covenant Headroom Squeeze
Ridgeline Manufacturing has a term loan with two maintenance covenants tested quarterly: (1) Total Debt / EBITDA ≤ 3.5×, and (2) Fixed Charge Coverage Ratio (FCCR) ≥ 1.25×. Last quarter: Total Debt 70M, EBITDA 21M (leverage 3.33×), FCCR 1.30×.
460 words, about 2 min4Forecasting With a Broken Base
You are building a 12-month base-case forecast for a specialty retailer to support a working-capital line. Historical revenue: 100M last year, growing ~5%/year.
436 words, about 2 min5The Turnaround That Looks Profitable on Paper
Harbor Logistics is being evaluated for a rescue financing. The income statement shows positive net income of 1.2M on 60M revenue.
489 words, about 2 min