Meaning of the word "on the ropes" in English

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

on the ropes

US /ɑn ðə roʊps/
UK /ɒn ðə rəʊps/
"on the ropes" picture

Idiom

in a very bad situation or close to defeat

Example:
After several bad quarters, the company was on the ropes.
The boxer was on the ropes in the final round, barely able to stand.