Who you gonna call? 

The balance sheet. 

Well, that's not quite right, but Jim Cramer says that the balance sheet is the safest bet for any investor looking to invest in a company.

"I think balance sheets trump everything," Cramer told TheStreet on the floor of the New York Stock Exchange. 

"No matter how good [a CEO is], it's just not going to make you money," Cramer said. 

Cramer made the comments in light of Real Money's Stock of the Day, General Electric (GE - Get Report) .

GE's CEO, Larry Culp, said Tuesday that free cash flow from the conglomerate's industrial division was likely to remain negative this year but insisted the troubled group would accelerate its ongoing restructuring plan.

Speaking at the JPMorgan Aviation, Transportation & Industrials conference in New York on Tuesday, Culp also said margins in GE healthcare would be similar to those recorded in 2018, with organic revenue in the low to mid-single digit range.

Culp noted that total revenue from the company's power division would be at flat at best, but likely would decline at a mid-single digit pace this year, while insisting GE needed to "step up restructuring" in both that division and the broader industrial division. In power, GE said it sees "market pressures impacting volume" as well as "project and execution challenges."

Related. Larry Culp's Cash Flow Comments Continue to Crush GE Stock