balance sheet
Definitions
A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.
A document showing the financial position of an entity by listing what it owns and what it owes.
Examples
The company's balance sheet shows a significant increase in assets over the last fiscal year.
Investors carefully reviewed the balance sheet to assess the firm's overall financial health.
Synonyms
statement of financial position statement of condition financial statement
Antonyms
income statement profit and loss statement cash flow statement