Total assets are all company-owned resources that are expected to provide benefits to that company's business for the time period listed. Total assets, as with other balance-sheet items, are shown in millions of dollars ($M).
Benefit
Total assets needs to be looked at in context, and is most useful in conjunction with other measures, such as total liabilities (total assets – total liabilities = total equity or book value) and total equity (total assets / total equity = financial leverage).
Origin
This information is found in the assets area of the company’s most-recent quarterly or annual balance sheet. This information is updated weekly.