Net assets refer to a company's total assets minus its total liabilities. In other words, it represents the amount of resources that a business has available after accounting for all of its debts and obligations. A positive net asset value indicates that a company has more assets than liabilities, which is generally considered a good financial position. On the other hand, a negative net asset value means that the company owes more money than it owns, which may indicate financial difficulties or a need for restructuring. Overall, net assets provide important information about a company's financial health and stability.