Net worth

Net worth (sometimes called net or wealth) is the total assets minus total outside liabilities of an individual or a company. Net worth is used when talking about the value of a company or in personal finance for an individual's net economic position.

Put another way, net worth is any asset owned minus any debt owed. Net worth can be a negative number if one's debt owed is greater than the value of the assets owned.

Companies

Net worth in business is generally based on the value of all assets and liabilities at the carrying value which is the value as expressed on the financial statements. To the extent items on the balance sheet do not express their true (market) value, the net worth will also be inaccurate. On reading the balance sheet, if the accumulated losses exceed the shareholder's equity, it is a negative value for net worth.

For a company, this is called shareholders' preference and may be referred to as book value. Net worth is stated as at a particular year in time.

Net worth in this formulation is not an expression of the market value of the firm: the firm may be worth more (or less) if sold as a going concern.

Net Worth (1995 film)

Net Worth is a 1995 television film that starred Aidan Devine, Al Waxman, R.H. Thomson and Kevin Conway. It was directed by Jerry Ciccoritti from a script written by Don Truckey, Phil Savath, David Cruise and Allison Griffiths. Screenplay by David Cruise.

Plot summary

Based on the true story of the Detroit Red Wings' Ted Lindsay, a nine-time NHL All-Star who, along with Doug Harvey of the Montreal Canadiens, headed up a small group of players in a battle to protect the rights of players against monopolistic NHL owners of the 1950s era, including Bruce Norris of the Red Wings, Conn Smythe of the Toronto Maple Leafs and James D. Norris of the Chicago Black Hawks as well as NHL president, Clarence Campbell. The film focuses on the conflict between Lindsay and Jack Adams, Detroit's general manager, as well as Lindsay's struggle to win over the trust and support of the players, including Lindsay's long-time team mate, the legendary Gordie Howe, amidst coercion and threats from the league and the owners. Lindsay's efforts would ultimately result in the formation of the NHL Players Association.

Net Worth (2000 film)

Net Worth is a 2001 drama film that starred Todd Field, Craig Sheffer, Daniel Baldwin, Michael T. Weiss, Tara Wood, Ernie Garrett, and Alix Koromzay. It was directed by Kenny Griswold from a script written by Kenny Griswold and Bill Kerig.

Plot summary

About 4 competitive friends agree to a bet: they will all go to a city where none of them know anybody, with only $100 in their pockets. As the winner will be the person who has the greatest net worth at the end of 30 days. Despite all having a different philosophy about work and wealth they all believe they will win the bet.

External links

  • Net Worth at the Internet Movie Database

  • Podcasts:

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