Meaning of the word "in the black" in English

What does "in the black" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

in the black

US /ɪn ðə blæk/
UK /ɪn ðə blæk/
"in the black" picture

Idiom

1.

making a profit or being financially solvent

Example:
After years of losses, the company is finally in the black.
We need to work harder to get our finances in the black.
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