out of the red

out of the 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.

* * *
{adv. phr.} Having reached solvency; no longer in debt. * /Under the new management, our company finally got out of the red./ Contrast: IN THE HOLE, IN THE RED. Compare: IN THE BLACK.

Dictionary of American idioms. 2013.

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