
## What is a Balance Sheet?

A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It shows what a company owns (assets), what it owes (liabilities), and the difference between the two (shareholder's equity).

Key components of a balance sheet:

1. Assets: Resources owned by the company that have economic value.
2. Liabilities: The company's financial obligations or debts.
3. Shareholders' Equity: The residual interest in the assets after deducting liabilities.

The fundamental equation of a balance sheet is:
Assets = Liabilities + Shareholders' Equity

Balance sheets are crucial for assessing a company's financial health, liquidity, and solvency.
    

Total debt minus cash and cash equivalents.

## Source Code
The source code for this chart is located at [https://github.com/nathansnellaert/subsets-pipelines/blob/main/integrations/assets/fmp/balance_sheet_statements.py#L148](GitHub)

Historical data for MMM

Net Debt - MMM

Date

Net Debt (in USD)

Take the absolute value of the Y-axis values.

Absolute Value

Logarithm

Apply exponential function to the Y-axis values.

Exponential

Scale the Y-axis values to a specified range.

Net Debt - MMM

Historical data for MMM

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Net Debt - USY.L

Historical data for USY.L

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Net Debt - IMO

Historical data for IMO

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Net Debt - COLA.NE

Historical data for COLA.NE

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