GLOSSARY

Balance sheet

IN PLAIN ENGLISH

A snapshot of what a company owns and owes on one day, and the shareholders' equity left between them.

WHERE YOU MEET IT

Behind the Debt/Equity and Net Debt / EBITDA figures in a holding's detail.

WATCH OUT FOR

It's one day's picture. Debt can be paid down just before the date and borrowed again just after.

EXPLAINED IN

The three statements, in one lesson

Educational content only. It is not personal financial advice.