Last autumn, the state extended credit guarantees worth €7 billion to the company's finance unit, to ensure that customers could still get loans at competitive rates, despite the company's own deteriorating balance sheet.
Marvel's plans for theme restaurants and computer games couldn't make up for its deteriorating balance sheet.
While we expect earnings at BAC to erode throughout 2009, our short call is based on a rapidly deteriorating balance sheet that will force the company into drastic measures, such as a government bailout, much like Citigroup's recent agreement with the federal government.
Attempts by Ms Wattanasiritham and her colleagues to increase the bank's share capitalisation - from 4bn baht ($124m £80mm at today's rates) to 10bn baht at the end of 1997, then from 10bn baht to 40bn baht in 1998 - were lagging behind its deteriorating balance sheet, and the more demanding standards now being required by the Thai authorities.
Bondholders usually bank their interest payments quietly, watch closely for signs of deteriorating balance sheets and vote with their feet, not their mouths.
But their deteriorating balance sheets are already reflected in their multiples, which are both 15.
This is a somewhat arbitrary part of the formula, aimed at penalizing outfits with deteriorating balance sheets.
Ireland's international bailout package set aside 35 billion euros to shore up the banks if their balance sheets deteriorated further.
As its balance-sheet deteriorated, investors took fright, forcing the management to announce huge cost-cuts and lay-offs, culminating in the sacking last year of Ditlev Engel, its boss.
Balance sheets have deteriorated in the last four or five years.
