Assets are what a company USES to operate its business, while its liabilities and equity are two sources that support these assets.

资产是公司用于营业的财产，而公司负债和权益是构成资产的两个来源。

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In order for the balance sheet to balance, total assets on one side have to equal total liabilities plus shareholders' equity on the other.

为了让资产负债表平衡，一边的总资产必须等于另一边的总负债加上股东权益。

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This balance sheet contains three major sections, that is, assets, liabilities and owner?s equity.

这张资产负债表包含三个主要部分，那就是资产、负债和所有者净资产值。

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If its enterprise value falls below its liabilities, equity holders will avoid further losses by a "put" to debt holders, meaning they bail out and let creditors fight over the remains.

FORBES: Default-risk bookies

Naturally there are many other things to consider, like the nature of the assets and liabilities, whether the company is currently making profits or losses, and the ratio of its liabilities to its equity.

FORBES: The Importance of Book Value

Next down the chain of capital, preferred equity and derivatives liabilities are eliminated.

FORBES: A Debt/Equity Swap To Recapitalize European Banks: A Real World Example