(pause while math/accounting types laugh and then I explain…)
When you have spreadsheets and accountants get a hold of them they usually have negative numbers – debts – in red. Ergo the expression ‘in the red’.
And usually they also put them in parenthesis as well. It’s not that they don’t want you to tell everybody keep it a secret SHHHHH! It’s that your organization is losing $147,700.