balance sheet vs balance sheets

Both 'balance sheet' and 'balance sheets' are correct, but they are used in different contexts. 'Balance sheet' is used when referring to a single financial statement, while 'balance sheets' is used when referring to multiple financial statements.

Last updated: March 30, 2024 • 923 views

This is correct when referring to a single financial statement.

"balance sheet"

Use 'balance sheet' when talking about a single financial statement that shows the financial position of a company at a specific point in time.

Examples:

The balance sheet of the company shows its assets and liabilities.
Please review the balance sheet before making any financial decisions.

Show examples from the web [+]

ECB/ NCB balance sheet statistics 1.
The year ended with a sad balance sheet in this respect: only three European countries had ratified the agreement.
The restructuring plan anticipates that the Bank will also strengthen its balance sheet.
All own funds and liabilities reported on an institution's balance sheet shall be reported here.
Item only relevant for the NCB balance sheet.
A total balance sheet approach is used.
Total assets of the reporting institution registered in its balance sheet.
Second, the balance sheet of the transatlantic relationship is fundamentally positive.
In case of synthetic securitisations, originators shall report that securitised exposures are removed from the balance sheet.
Specifically, credit conversion factors shall not be applied to off balance sheet items.
This information comprises the amount by which each item of the balance sheet is adjusted.
The quarterly balance sheet statistics meet such purposes.
The undertaking's final opening balance sheet was based on a 36 % equity ratio and upfront financing.
The experts found that Olympic Airways' balance sheet contained large tax and social security liabilities.
Hence, the EUR 43 million balance sheet total threshold for SMEs is easily exceeded by TEs.
The amounts notified via Table 105 are included in the Commission's consolidated balance sheet.
Furthermore, the silent participation absorbs balance sheet losses in proportion to the total loss-absorbing capital.
Both the direct liquidity facilities given to Rhineland and the Havenrock structure were off balance sheet.
The personnel list and the year's balance sheet.
Monetary financial institutions (MFIs) report balance sheet data on a monthly and quarterly basis.

Alternatives:

financial statement
statement of financial position
statement of financial condition
financial report
financial overview

This is correct when referring to multiple financial statements.

"balance sheets"

Use 'balance sheets' when talking about more than one financial statement that show the financial positions of different entities or at different points in time.

Examples:

The company provided us with three balance sheets for the past three years.
We need to compare the balance sheets of the subsidiaries.

Show examples from the web [+]

Meanwhile, the asset side of states' balance sheets remains largely invisible.
With zero interest rates and outsize balance sheets, that is exactly what they are lacking.
They don't get audited here on the same balance sheets.
The emerging economies generally have the policy instruments, balance sheets, and expertise to respond effectively.
Financial transactions result in changes in balance sheets.
They are included in the balance sheets only as memorandum items.
Separate balance sheets for each activity could not be derived from the accounts.
These headings are contained in the balance sheets for the various EDFs.
Further initiatives to alleviate bank balance sheets from troubled assets are under discussion.
We let actuaries and balance sheets determine our worth.
Banks should improve their balance sheets by seeking access to private capital sources.
We want supervisors that are able to go beyond a formal analysis to track the hidden weaknesses in the balance sheets of supervised entities.
The Irish National Asset Management Agency (NAMA) was set up in 2009 to clean up Irish banks' balance sheets.
After expeditiously restoring confidence in the banks by forcing them to undergo severe stress tests, they gave households time to repair their balance sheets.
Booms have similar characteristics - strong growth in banks' balance sheets and credit, and therefore a rise in leverage.
Private non-residential investment spending expanded strongly, supported by a recovery in firms» profits and some structural improvements in corporate balance sheets.
Finally, banks» balance sheets will become more transparent in respect of their activities in the capital markets.
These expected positive developments may improve to some extent the resilience of household and corporate balance sheets.
The Eurosystem's operations are reflected almost exclusively in the balance sheets of the NCBs and give rise to large intra-Eurosystem balances.
Losses on exposures to Lehman Brothers showed up in the balance sheets of banks around the globe.

Alternatives:

financial statements
statements of financial position
financial reports
financial overviews
financial documents

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balance sheet vs balance sheets

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