Balance Sheet

Description

The balance sheet is a financial statement that reports on a company's assets, liabilities and shareholders' equity for a specific earnings period. Basically, the balance sheet shows what a company owns, how much debt they owe, and how much is being invested by its shareholders.

Why is it Important

The line items in a balance sheet are used by investors to calculate financial ratios that assist them in their investment decisions.

Financial Glossary Reference

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