Meaning of “net asset backing” in the English Dictionary

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"net asset backing" in Business English

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net asset backingnoun [ U ]

uk us STOCK MARKET, FINANCE

a measure of the value of shareholdersinvestment in a company, calculated by subtracting its total debt from its total assets and dividing the result by the number of shares that exist

(Definition of “net asset backing” from the Cambridge Business English Dictionary © Cambridge University Press)