balance sheet noun [C]

(Accounting )

a written statement that shows the financial state of a company at a particular time. It lists the company's assets and all money owed (liabilities):

At present, the airline has zero debt on its balance sheet.

dependable companies with strong balance sheets

We plan to strengthen our balance sheet by selling some of our assets.

The company's balance sheet remains healthy despite the recent recession.

⇨ OFF-BALANCE-SHEET

a healthy/strong balance sheet

◆ to improve/strengthen your balance sheet

• assess
• assessed value
• assessment
• assessment centre
• assessor
• asset
• asset account
• asset-backed
• asset backing
• asset base
• asset coverage
• asset deflation
• asset inflation
• asset management
• asset mix
• noise
• no-load fund
• nomadic worker
• nominal
• nominal capital
• nominal damages
• nominal ledger
• nominal price
• nominal value
• nominal yield