asset backing
Net assets of a company (in $) / number of issued shares.
For example: XYZ Ltd with $100,000 net assets and 10,000 shares issued has an Asset Backing of $10.00 per share.
Net assets of a company (in $) / number of issued shares.
For example: XYZ Ltd with $100,000 net assets and 10,000 shares issued has an Asset Backing of $10.00 per share.