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The balance sheet is a key financial statement that provides a snapshot of a company's financial position at a specific point in time.
It presents the company's assets, liabilities, and shareholders' equity, offering valuable insights into its financial health and stability.
Assets: What the Company Owns 🏢💰
The balance sheet shows the company's assets, which encompass everything it owns or has a claim to. This includes tangible assets such as buildings, equipment, inventory, and cash, as well as intangible assets like patents, trademarks, and goodwill. Assets represent the company's resources that provide future economic benefits.
Liabilities: What the Company Owes 💵💳
Liabilities on the balance sheet represent the company's debts and obligations. These can include loans, accounts payable, accrued expenses, and other liabilities. Liabilities reflect the company's financial obligations to external parties and provide insight into its financial obligations and potential risks.
Shareholders' Equity: What Belongs to the Shareholders 💼🤝
Shareholders' equity, also known as owners' equity or net worth, represents the residual interest in the company's assets after deducting liabilities. It reflects the shareholders' ownership stake in the company and includes items such as common stock, retained earnings, and additional paid-in capital.
On Modeliks, within the reports section, you have the flexibility to view the preferred statement in two formats:
- Monthly (first year)
- Annual
Additionally, you can utilize the available charts to visually represent the data, aiding in better understanding and comparison of the statement's components over time.
With the help of the "Export" option located on the right side, you can download the statement in convenient file formats such as Excel and PDF.