The net worth of the company is their assets minus their liabilities and that represents the value that the company has if they paid off all their liabilities.

公司净资产为,资产减去负债,也表示,公司清偿债务后的价值

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And witness the split in the stockmarket between blue-chips such as Toyota, whose capitalisation is still three times that of the big three American car makers put together, and small, primarily domestic companies traded on the over-the-counter market, some two-thirds of which are trading for less than the net value of their assets.

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Somebody must have raised some money at some time in the past, as the 7 million in net book value of property on the assets side is matched mainly by net worth and an unsecured note of 1.5 million.

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But there is no guarantee that ETFs will trade at the value of their underlying net assets (NAV).

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