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What does in the red mean?

Looking for the meaning or definition of the word in the red? Here's what it means.

Prepositional phrase
  1. (idiomatic, accounting) Having net losses; in debt.
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Examples
He's the one player on the roster who will grab a jump ball, which is why the team loves him in the red zone.
And she probably makes more money flashing her disfigurement in the red tops than she would by acting.
He said more than five farms had been liquidated and the balance sheets of the remaining farms were in the red.
That rating was assigned in 1999, when we were in the red on our short-term liquidity.
But Johnson's latest performance in the red and green of Leicester showed that he still has a ravenous appetite for club rugby.
This is the first time the company has been in the red, after previously churning out profits in its operations.

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