in the red … eting.html
please explain:
1.we are still in the red= we are still in debts?
2. It put the company in the black= it put the company in the bad situation?


in the red - in debt / running at a loss
in the black - out of debt / in profit / running at a profit
The colours refer to the traditional notation on balance statements. Any losses are shown in red ink whereas gains are indicated in black ink.

we are still in the red - we are still in debt
the company is in the black - the company is making money/in profit.