What is Balance sheet?
Company financesA snapshot of what a company owns (assets), what it owes (liabilities) and what belongs to shareholders (equity).
Think of it like: A photo of the company's wallet and debts on one day.
Real example: Apple's balance sheet in September 2024: about $365 billion of assets = $308 billion of liabilities + $57 billion of equity.
Lesson: Reading a company report Practise it now: Who Am I? Practise it now: Safe Haven Sprint