Money
Balance sheet
A snapshot, on a single date, of what a company owns (its assets), what it owes (its liabilities) and the difference, which belongs to its shareholders.
You'll hear it as
The balance sheet's strong: lots of cash, very little debt.
Why it matters to you.
The P&L shows a period; the balance sheet shows a moment. A company can look profitable and still have a worrying balance sheet.
Related terms.
Videos.
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