Meaning of the word "as things stand" in English

What does "as things stand" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

as things stand

US /æz θɪŋz stænd/
UK /æz θɪŋz stænd/

Idiom

in the present situation; as things are now

Example:
As things stand, we don't have enough money to buy a new car.
We might have to cancel the trip, as things stand.