Net assets

If the Company has the total assets of 18 Million, whereas its total liabilities stands at 24 Million, can we say that the 6 Million difference is the net assets of the Company.

If the 6 Millions is not the net assets, then what we should call it ?

If it is net assets then can we use it to calculate the materiality?

No Data
  • Net asset value is the value of an entity's assets minus the value of its liabilities, often in relation to open-end or mutual funds, since shares of such funds registered with the U.S. Securities and Exchange Commission are redeemed at their net asset value krogerfeedback.