I guess you could say non cash assets, right?

Let's calculate our total liabilities.

But when I talk about the asset, I'm talking about only the operating assets.

In this case, an EBlT might be a little bit more informative.

So let me draw that out.

And then when I have 1 10 of two million shares,

And then you can imagine now Bank C is worried because now

So its assets.

So you can say assets of the firm.

With private ownership nonexistent, our wellbeing is on the rise.

But let's just look at what they're saying.

Now we have 225,000 in cash.

That assets, A for assets, is equal to

Well there are, in a few suburbs.

And this is another important thing to think about.

Personal fortune assessed over fifteen million. He'll leave plenty, I tell you.

Frobisher's net worth is upward of two and a half billion dollars.

I can do is... So he needs 100 gold pieces.

Malibu Equity and Investments.

I don't want to draw this box.

And rich, eh?

I'll do that in yellow.

And you take out the liabilities, this is what the assets are worth according to the accountants.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

like an equation, but it's assets is equal to liabilities plus equity.

Look. This company over here, we're going to issue more shares, for more people to contribute money

Obviously , a machine you can't do all of those things to it, but you can at least touch it and possibly smell and taste it.

liabilities plus equity.

And you might not even be able to find anyone to buy it a year later.

And what I wrote here is, it has 4 billion of liabilities.

He is a man of wealth.

He's a wealthy man.

Or across the street from each other.

So the total assets were 5 billion in assets.

You'd have to give up 93 of your net worth.

In a world without leverage so if I didn't have all this

So this is just another visual representation that

It doesn't sound like we borrowed money or anything.

Remember liabilities plus equities are equal to assets.

Because it has no liabilities, it has no debt, and its assets are equal to its equity.

Each share in this case once again, if you believe that the assets are worth 1 million are going to be 1 million.

But let's say its assets are worth 1 million.

All of the assets needed to start the firm, the pizzeria.

Or they just have a super flush bank account.