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Next, the balance sheet, which is a snapshot of a company's assets, liabilities, and equity at a specific point in time. Assets are what the company owns (e.g., property, plant, and equipment), liabilities are what the company owes (e.g., debt), and equity is the owners' stake in the company. We'll be looking at things like the debt-to-equity ratio, the current ratio (a measure of liquidity), and the composition of assets and liabilities. The balance sheet helps us assess the company's financial strength and its ability to meet its obligations. It's a snapshot of the company's financial position at a specific point in time.
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