By Leanna Kelly What is a business worth? To get the answer, you’ll need to look at its balance sheet. A balance sheet is a statement showing an entity’s financial position by reporting on assets, liabilities and shareholders’ equity on a specific date (commonly at the end of an accounting period). It shows what a company owns and owes, as well as shareholders’ ownership.
A balance sheet is one of the core financial statements every public company needs to issue regularly. It’s something every investor should get familiar with and understand, because it provides significant context for the financial health and worth of a …read more
