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Making sense of financial statements. June 30, 2023

Motley Fool Money

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The Importance of a Holistic View of the Balance Sheet

The balance sheet is the central, the one, either way I like to think of it. It's a point in time because it's just the, at the end of the financial year, what do we own? What do we owe? What's the difference? That's basically what it tells you. The income statement is going to show you how the equity changes. But they're joined together. And again, why I say you really want to take a holistic view with all of these things. Um, and right through the P and L. So he's okay. All right. Let's use the cash flow statement. You know, as you, as she said, you know

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