MANAGEMENT

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: -Assets minus Liabilities equals Fund Balance (also called Net Assets). An asset is something ownedeither cash or something that could be sold or collected to turn into cash, like equipment or a receivable. A liability is something owedsuch as a payment to a vendor (an account payable) or a mortgage on a building.

Detailed explanation-4: -A net worth statement is a financial tool that shows your financial position at a given point in time. It is like a “financial snapshot” that shows the dollar value of what you own (assets) and what you owe (liabilities or debts). This formula for calculating net worth is Assets – Liabilities = 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.