A balance sheet provides a snapshot of your business’s financial condition at a point in time. It shows the values of your company’s resources (assets) and sources of capital (liabilities and equity). It’s one of three core financial statements used by businesses to assess their health. By comparing your current assets and liabilities to each other, you can see whether you have enough cash or credit to cover upcoming expenses or meet future debt obligations.
Assets include concrete things like inventory, property and equipment; marketable securities; money owed to you by customers or clients (accounts receivable); and intangibles such as patents and trademarks. Liabilities are the things you owe to others, including wages, accounts payable, and loan payments. Your owner’s equity is the difference between your total liabilities and total assets, or the “book value” of your business.
The most important metric in a balance sheet is the quick ratio, which compares your current assets to your current liabilities and gives you an idea of how quickly you could turn those assets into cash to cover your short-term obligations. To calculate it, simply add your current assets and subtract your current liabilities from each other. Bilanz Hattingen