AdminA Balance sheet Hattingen is a financial report that provides an at-a-glance snapshot of your company’s financial position. It lists all of your practice’s assets (itemized on the left side of the balance sheet) alongside its liabilities and owners’ equity (on the right side). If the totals on both sides match, then the company has a positive net worth. Balance sheets are typically prepared at the close of each reporting period, and adhere to either IFRS or US GAAP accounting standards.
The balance sheet is one of three core financial reports used to examine a business, along with the income statement and cash flow statement. It is a snapshot of the financial condition of a firm at a single point in time, which is the date listed on the report.
On the left side of a balance sheet, a company will list its asset items, usually separated into long-term and current assets. These include things such as property, plant and equipment, inventory, trademarks and patents and cash. Liabilities, which are things a company owes others, are reported on the right side of the balance sheet and categorized as current and long-term. Shareholders’ equity, which is the initial amount of money that investors put into a company, as well as the profit that the company has made from its operations, are also reported on the right side of the balance sheet.
A key metric for investors and creditors is the debt ratio, which is calculated by dividing total liabilities by total assets. Another useful metric is days cash on hand, which indicates how many days of operating expenses could be covered by current assets. Bilanz Hattingen