clean balance sheet

Clean Balance Sheet

Somewhat informal; a company with little or no debt. Clean balance sheets are seen as desirable for many investors as they represent little risk. However, maintaining a clean balance sheet is not always possible, particularly if a company's revenues are highly seasonal.

clean balance sheet

A balance sheet with only a small amount of debt in relation to assets.
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You'll actually be inheriting a break-even situation with a clean balance sheet.
We need a British business bank with a clean balance sheet and a mandate to expand lending rapidly and we are now going to get it.
Furthermore, the company can easily afford such expenses, as it has a clean balance sheet (strong net cash position of $234m as of end 1H12).
Mr Cable wrote: "My suggestion is that we recognise that RBS will not return to the market in its current shape and use its time as ward of state to carve out of it a British business bank with a clean balance sheet and a mandate to expand lending rapidly to sound business.
The corporate arising out of the remains of Members United will start with a clean balance sheet, with neither legacy assets nor debts.
We start with our own clean balance sheet and financing.
Unimpaired by the impact of the financial crisis and with a clean balance sheet, the bank has invested in world-class alternative distribution channels, further contributing to its increased customer base.
The group''s already clean balance sheet and low-cost operations give it less gearing to higher commodity prices.
CEO Tony Fernandes explained that the company made the "bold decision" of unwinding remaining fuel hedges and interest rate swaps related to aircraft term loans, taking charges that hurt 2008 earnings but allowed it to "begin 2009 with a substantially clean balance sheet.
This meant that they closed one bank but the other banks could go on lending because they coulds tart with a clean balance sheet.
Lloyd Blankfein, the chairman of Goldman Sachs, said: "We believe that Goldman Sachs, under Federal Reserve supervision, will be regarded as an even more secure institution with an exceptionally clean balance sheet.
Davies said a "sizable portion" of that money will be used to pay off "a huge amount of liabilities" incurred by BWIA "so when Caribbean Airlines opens it will have a clean balance sheet.