We are keeping our head above water, but our cash flow position is not too good.

我们虽然还未陷入困境，但资金流转状况不太好。

《柯林斯英汉双解大词典》

I keep my head above water .

我保持在水平之上。

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“To keep your head above water” is a colorful expression that means staying out of debt.

To keep your head above water（避免破产; 保住自己）是一种饶有趣味的表达方法，意思是staying out of debt（力求免于欠债）。

youdao

A man who loses his job tries to keep his head above water until he finds a new job.

VOA: special.2009.05.10

To keep your head above water is a colorful expression that means staying out of debt.

VOA: special.2009.05.10

A company that can keep its head above water can survive economic hard times.

VOA: special.2009.05.10

Wal-Mart 's keeping its head above water by keeping prices and its international growth high.

FORBES: Wal-Mart Keeps Its Head Up

Freeman, with his immense dignity and authority, manages to keep his head above water, but Pitt goes under.

NEWYORKER: Seven

Adobeshares rose and fell, but almost always kept its head above water after it announced an impressive quarter.

FORBES: Magazine Article