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Discover Ludwig"above water" is correct and usable in written English.
You can use it to describe something that is out of difficulty or danger, and is still doing well. For example, "Despite the current economic downturn, our business has managed to stay above water."
Dictionary
above water
phrase
Out of difficulty, especially financial.
Exact(58)
Above, water crashed down the Lower Yosemite Fall.
These last five tubes were all above water.
Withdraw above water.
Corbyn kept his head above water.
"It kept my head above water.
Only the roof was above water.
They must be sustained above water.
I'm just working, trying to stay above water".
"It's still just bringing your head above water.
Similar(2)
Dvenadsat Apostolov carried six above-water 15 inches torpedo tubes.
Five above-water 15 inches torpedo tubes were mounted.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com