Net tangible assets are listed on a company's balance sheet and indicate its book value based on the amount of its total assets less all liabilities and intangible assets.

## Net Tangible Assets

Net tangible assets are calculated similar to a company's stockholders' equity. However, net tangible assets exclude the value of a company's intangible assets. To calculate a company's net tangible assets, subtract its par value of preferred shares and any intangible assets, such as goodwill, patents and trademarks, from its total assets.

## Calculating Net Tangible Assets

For example, as of Dec. 28, 2014, the former Zulily, Inc. (now a subsidiary of Qurate Retail, Inc.) had total assets of \$492.378 million and total liabilities of \$216.415 million. However, Zulily did not have any intangible assets or goodwill. Since it did not have any intangible assets, this value is calculated by subtracting \$216.415 million from \$492.378 million. Therefore, its net tangible assets of \$275.963 million was equivalent to its total shareholders' equity.﻿﻿

On the other hand, as of Dec. 31, 2014, Facebook, Inc. had total assets of \$40.184 billion, total liabilities of \$4.088 billion, intangible assets of \$3.929 billion and goodwill of \$17.981 billion. To calculate the value of Facebook's net tangible assets, subtract its intangible assets, goodwill and total liabilities from its total assets. Facebook's resulting net tangible assets was \$14.186 billion, or \$40.184 billion less \$4.088 billion, \$3.929 billion and \$17.981 billion.﻿﻿

As of Dec. 31, 2014, Amazon.com, Inc. had total assets of \$54.505 billion, total liabilities of \$43.764 billion and goodwill of \$3.319 billion. Its resulting net tangible assets was \$7.422 billion, or \$54.505 billion less \$43.764 billion and \$3.319 billion.﻿﻿