VK Investing / DCF Models / 3-Statement Model — from blank sheet to fully linked
CORE · 3-STATEMENT · BEGINNER
The 3-Statement Model: from blank sheet to fully linked
Build a fully integrated Income Statement, Balance Sheet, and Cash Flow model. The debt schedule that trips up nearly every first-year analyst — solved.
By VK Investing
9 SHEETS · EXCEL · 6,200 WORDS WALK-THROUGH
The 3-statement model is the foundation. Every DCF, every LBO, every relative valuation ultimately reduces to a set of forecasts across the income statement, the balance sheet, and the cash flow statement.
The hardest part of the build is not the individual line items — it is the linkages between statements, and specifically the debt schedule that closes the loop.
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