Start by examining the company's assets, which are listed in order of liquidity. This means that the items listed first are the ones that can be easily converted into cash.

Look at the current assets, which include cash, accounts receivable, and inventory. These are the assets that the company expects to convert into cash within the next year.

Next, examine the non-current assets, which include property, plant, and equipment, as well as investments and intangible assets. These are the assets that the company expects to hold onto for a longer period of time.

Examine the current liabilities, which include accounts payable, short-term loans, and taxes owed. These are the liabilities that the company expects to pay off within the next year.

Finally, look at the equity section of the balance sheet, which includes the company's retained earnings and share capital. This section shows the company's net worth and the value of the shareholders' investment in the company.