The net amount/ value of an entity’s fixed assets. It is equal to the acquisition price/ cost of all fixed assets and any additions made for improvement and re-fitting, minus any accumulated depreciation at a given point in time. In other words, it reflects the residual value of the fixed assets during a reporting period. This involves the aggregation of all assets, contra assets, and liabilities related to the fixed assets of the entity during the period.

The metric measures the net book value of all fixed assets on the balance sheet (statement of financial position) at a given point in time.

It is known for short as NFAs.