balance sheet

Balance Sheet

A company's financial statement that reports the assets, liabilities and net worth at a specific time.

Notes:

You will notice that assets = liabilities + shareholders' equity. This equation is true for all balance sheets.

If the balance sheet is "consolidated" it just means that the company is a corporate group rather than a single company.

See also: Assets, Clean Balance Sheet, Fundamental Analysis, Income Statement, Inventory, Liability, Other Current Assets, Other Long-Term Liabilities, Shareholders' Equity

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Balance sheet

Also called the statement of financial condition, it is a summary of a company's assets, liabilities, and owners' equity.

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balance sheet

The financial statement of a business or institution that lists the assets, debts, and owners' investment as of a specific date. Assets are ordered according to how soon they will be converted into cash, and debts according to how soon they must be paid. Because balance sheets do not list items at their current monetary value, they may greatly overstate or understate the real value of certain corporate assets and liabilities. Also called statement of financial condition, statement of financial position. See also consolidated balance sheet.