If the P&L statement shows how profitable a company was over a given timeframe, we can say that the Balance sheet is like a momentary picture of the firm’s condition at the time of preparation. The Balance sheet shows what a company owns (assets) and what it owes (liabilities and equity). This statement allows us to gain an idea about leverage, sustainability, and liquidity.
This is an open-access Excel template in XLSX format that will be useful for anyone who wants to work as a Financial Analyst, Business Analyst, Consultant, Corporate Executive, or everyone preparing a corporate presentation.
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Balance Sheet is among the topics included in the Corporate Finance module of the CFA Level 1 Curriculum.