- The balance sheet is a financial statement that reflects the assets, liabilities and share capital of the company.
- The balance sheet is one of the three main financial statements that are used to value a business.
- It provides a snapshot of the company’s finances (what it owns and owes) as of the publication date.
- The balance sheet corresponds to an equation that equalizes assets with the sum of liabilities and equity.
- Fundamental analysts use balance sheets to calculate financial ratios.