Monday, March 17, 2014

Here is another example of why excluding firms from their XBRL filing requirements because of their size is a BAD idea.  Calcbench is able to do an analysis within minutes of the loan books across Financial firms.  We define financial firms as anything in SIC group 6000 that has a loans receivable XBRL tag.  As you see from the table, the 226 firms would be exempt from their reporting requirement.  But those small firms accounted for over 8.22% in growth year over year.  Sure the big guys loaned more dollars (also up by 3.46%), but if you are looking for signs that things are moving in the right direction after the worst economic recession since the Great Depression, this ought to give you confidence that things are moving in the right direction.  Want more?  Sign up for a Calcbench free trial and get this information for yourself!

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