Introduction Financial analysis is essential to any organization towards an understanding of its current performance. As an activity that comprises of accounting and evaluation of financial data, it is critical towards the revelation of the organizational strength and weakness. Through the highlighting of the various dimensions of organizational performance, the prospect of undertaking informed decision is bound to prevail. Therefore, the financial analysis process is dependent on the user and the various theoretical frameworks adopted to provide insight into organizational performance. One of the most effective approaches to comprehending organizational performance is the use of financial ratios. Financial ratios provide an accurate overview of the performance of a company through the provision of a summary of the diverse departments. Through the financial ratios, a benchmark of the organizational operations can prevail to make the necessary conclusions. Among the various ratios are inclusive of profitability, efficiency, debt, and liquidity.