financial condition

Definition

The status of a firm's assets, liabilities and equity positions at a specific point in time, often described in a financial statement.

Use financial condition in a sentence

My boss was concerned that we had sustained such a large loss arising from the hurricane that our financial condition would be severely harmed.

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Well I've had the finance team pull up some reports for us, and I've got to say that we can do better, and we must do more to improve our financial condition.

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When the company was bought out by a larger corporation the accounts going threw the previous owner book discover many of the issues that had caused the companies poor financial condition and hence how to correct this situation to benefit themselves and the company.

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statement of condition legal lending limit