"Financial Condition" refers to the overall health of an individual, business, or organization in terms of its financial resources. It is assessed by examining various factors such as assets, liabilities, income, and expenses. A strong financial condition typically indicates that an entity can meet its obligations and sustain operations, while a weak financial condition may suggest potential difficulties in managing debts or funding activities. Key indicators of financial condition include balance sheets, income statements, and cash flow statements. These documents provide insights into how well an entity is performing financially and help stakeholders make informed decisions regarding investments, lending, or management strategies.