GENERAL KNOWLEDGE

Detailed explanation-1: -Net worth is the value of the assets a person or corporation owns, minus the liabilities they owe. It is an important metric to gauge a company’s health, providing a useful snapshot of its current financial position.

Detailed explanation-2: -Net worth is the total value of all assets minus any liabilities. Put simply, net worth is what you own minus what you owe. Calculating net worth can be a helpful way to determine one’s wealth and the overall health of a person’s or company’s financial situation.

Detailed explanation-3: -Your net worth is the amount by which your assets exceed your liabilities. In simple terms, net worth is the difference between what you own and what you owe. If your assets exceed your liabilities, you have a positive net worth.

Detailed explanation-4: -Your net worth is simply the dollar amount of all of your assets minus all your debts. If your assets exceed your liabilities, you end up with a positive net worth. Conversely, if your liabilities are greater than your assets, you will have a negative net worth.

Detailed explanation-5: -Net worth is assets minus liabilities. Or, you can think of net worth as everything you own less all that you owe.