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clean balance sheet |
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Clean Balance Sheet Refers to a company whose balance sheet has very little or no debt. Notes: A company is told to "clean up" its balance sheet if they are exposed to large amounts of debt.See also: Balance Sheet, Debt
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Not only did they get rid of this low-margin, commoditized business, they now for the first time in years have a clean balance sheet, have paid up their pension obligations, and have pretty good prospects in their remaining businesses. 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. With a clean balance sheet, thanks to more than a million dollars in municipal tax write-offs in Sudbury and Sault Ste. |
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clean balance sheet
