The idiom "in the red" means that someone or something is in debt or owes money. This phrase is often used to describe a situation where a person or company is spending more money than they are earning or have available.
The phrase "in the red" comes from the practice of using red ink to indicate negative numbers in financial statements. When a company's financial statement shows a negative balance, it is said to be "in the red."
For example, if a person spends more money than they earn each month, they may find themselves "in the red" and struggling to pay their bills. Similarly, a company that is not making enough profit to cover its expenses may also be "in the red."
Overall, the phrase "in the red" is used to describe a financial situation where someone or something is in debt or owes money. It is important to be aware of this idiom when discussing financial matters or reading financial statements.
• The CEO was alarmed to find out that the company's financial statements showed they were in the red, and immediately took action to turn things around.
• I can't buy that toy now because my piggy bank is in the red.
• After the pandemic hit, many small businesses were struggling to stay afloat and ended up in the red.
• Jack's business had to close because it was operating in the red for several months.
• Despite tightening their budget, the company found themselves in the red due to unexpected expenses.
• The government announced that the country's economy is in the red, and it may take years to recover.
• After the unexpected expenses, the family's budget was "in the red" for several months.
• The small business was "in the red" because they didn't have enough customers to cover their expenses.
• The company's financial report showed they were "in the red" due to the decrease in sales.
• My bank account is "in the red" because I spent too much money on clothes.
• Despite the CEO's efforts to increase profits, the company remained "in the red" for the third quarter in a row.
• The government's budget was "in the red" because of the pandemic's impact on the economy.