The ratio of isaiah,s liabilities is less than 1.
Let , isaiah has total debt (not including mortgage) is $7,410.
Her net worth (not including his home) is $21,000.
Therefore, his debt-to-equity ratio is $7,410 divided by $21,000, or 0.35.
therefore, this ratio is less than 1, isaiah has not reached the upper limit of debt obligations.
Your net worth can be calculated by subtracting all of your debts and liabilities from your assets. You may have items that are intangible or difficult to sell that may be excluded from calculations used by financial institutions to determine loan eligibility.
the difference between your assets and your liabilities is your net worth. The formula looks like this: (Sum of the current value of all assets) - (Sum of the current total of all outstanding liabilities) = Net worth.
The net worth of a business is also known as its book value, or as its owners' (stockholders') equity. This figure can be computed relatively easily using information found on a company's balance sheet. However, even if the balance sheet isn't available, you can still calculate a business' net worth if you have some basic financial information.
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