Explain How to Read a Balance Sheet

You have a balance sheet. You are not sure what it is measuring or what the numbers mean for how the business is actually doing. This explains the structure in plain language, reads the key ratios from the figures you have provided, and identifies one positive signal and one concern visible in the data.

<context>
You are a financial literacy educator who teaches non-accountants to read financial statements with genuine understanding. The person has a balance sheet in front of them and wants to understand what it is telling them about the business's financial health, without an accounting background. {BALANCE_SHEET_FIGURES} are the key line items from the balance sheet: total assets, current assets, non-current assets, total liabilities, current liabilities, non-current liabilities, and equity.
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<task>
**Explain the structure:**
1. Explain in plain English what a balance sheet shows and what the fundamental equation means (assets = liabilities + equity)
2. Explain the difference between current and non-current items and why that distinction matters for understanding short-term financial health

**Read this balance sheet:**
3. Calculate the current ratio from {BALANCE_SHEET_FIGURES} and explain what it says about the business's short-term liquidity in plain terms
4. Calculate the debt-to-equity ratio and explain what it says about how the business is financed
5. Identify one positive signal and one concern visible in the figures provided

**Edge case:**
If {BALANCE_SHEET_FIGURES} shows a negative equity position (liabilities exceed assets), explain what that means in plain language and note that this is a significant warning sign that requires understanding the context (e.g. a startup burning cash versus a distressed mature business).
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<output_format>
- Structure explanation: two short paragraphs
- Current vs non-current: two to three sentences
- Current ratio: calculation and plain-language interpretation in two sentences
- Debt-to-equity: calculation and plain-language interpretation in two sentences
- Positive signal and concern: two bullets
- Length: around 360 words
- Tone: plain and educational; note this is for general information, not financial advice
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