A Comparison of Financial Indicators: The Case of Detroit

Samuel B. Stone, Akheil Singla, James Comeaux, Charlotte Kirschner

    Research output: Contribution to journalArticlepeer-review

    35 Scopus citations


    Financial condition analysis is a critical task for public managers, but it is still unclear which indicators are the most salient measures of financial well-being. The financial health of Detroit, Michigan is unequivocally poor, providing an interesting case to evaluate the financial condition indicators that currently exist. We calculate the key financial indicators using data from Detroit over the last 11 years. We find the indicators fall into three groups: those that show no sign of impending financial crisis, those that show a steady worsening financial condition, and those that demonstrate a substantial change immediately prior to filing bankruptcy.

    Original languageEnglish (US)
    Pages (from-to)90-111
    Number of pages22
    JournalPublic Budgeting and Finance
    Issue number4
    StatePublished - 2015

    ASJC Scopus subject areas

    • Finance
    • Economics and Econometrics
    • Public Administration


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