The company was in the red and went under. - Die Firma war in den roten Zahlen und ging unter.
The company was in the red and went under.
Die Firma war in den roten Zahlen und ging unter.
The company is in the red. - Die Firma ist in den roten Zahlen.
The company is in the red.
Die Firma ist in den roten Zahlen.
The figures are going to be in the red this year.