out of the red

out of the red

No longer having a debt owed to one or more other people, corporations, banks, etc. Used especially in reference to a company. I'm hoping that a positive reception to our new product could help pull us out of the red for this financial year. I've got a few ideas to get us out of the red, but they require a few big sacrifices on our part.
See also: of, out, red

out of the red

Fig. out of debt; into profitability. This year our company is likely to get out of the red before fall. If we can cut down on expenses, we can get out of the red fairly soon.
See also: of, out, red