Net Worth Calculator | Calculate Asset Vs. Liability Online

Do you want to figure out your current financial situation? The easiest way is to differentiate all of your assets and liabilities. The net worth is nothing but your assets minus your liabilities. If the subtraction result or your net worth is positive, means you have more assets than your liabilities. Otherwise, your liabilities are higher than your assets.

The Net Worth Calculator is an easy-to-use tool that helps you estimate the actual value of your net assets with the inputs of your assets and liabilities. Also, the Net Worth Calculator projects your future's asset vs. liability trends. Doing these calculations is pretty simple. All you need to provide your assets and liabilities as inputs. The good thing is you can add assets and liabilities as you can for the calculation. 

How to use the Net Worth Calculator?

Using the Net Worth Calculator is easy and less time-consuming. All you need to input your assets and liabilities one by one and click on the 'Calculate Now' button. Upon submission, you will be greeted with your net worth like this:

For your convenience, we have pre-defined a few entries for assets and liabilities. However, you can add a new entry by clicking the 'New Asset' or 'New Liability' button. At any time, if you wish to remove a particular entry, just click on the delete button. The good thing is your inputs will be there in the browser session unless you close the browser. So, refreshing the browser tab will not clear your inputs. 

Understanding Inputs

In order to calculate your net worth, you need to understand the below-mentioned inputs and impact of those inputs in the calculation:

• Asset: An 'Asset' is an instrument with economic value that an individual owns for future or present benefit. Assets can be instruments like cash, stocks, real estate, vehicles, etc. Assets are crucial for determining net worth and financial stability.
• Present Value: Present value represents the present value or present liability of an instrument.
• Asset Type: Assets can have multiple types. But to make the calculator simple, we added the following assets to our Networth Calculator:
  • Liquid Asset: Assets that are easy to convert into cash.
  • Partial Liquid Asset: Part of an asset can be converted into cash anytime.
  • Illiquid Asset: Comparitively difficult to convert into cash

• Annual Growth Rate %: The Annual Growth Rate (AGR) is a percentage representing the average yearly value increase of an instrument over a specific period.