466 Search Results
What Is Net Income (NI)? Definition, Calculation, and Example
https://www.sofi.com/learn/content/what-is-net-income/
Net income is the total profit a business makes in a given reporting period after all of its expenses are paid. It’s often referred to as a company’s “bottom line” because it appears at the bottom line of the income statement. Read on for a closer look at what net income is, how to calculate […]
A Guide to Net Working Capital
https://www.sofi.com/learn/content/net-working-capital/
Net working capital is the difference between a company’s current assets and current liabilities. Positive net working capital indicates that a business can meet its short-term financial obligations and also invest in other activities and future growth. Negative working capital, on the other hand, suggests that a company may find it difficult to grow, pay […]
Guide to Income Statements in Business
https://www.sofi.com/learn/content/income-statements/
An income statement, also known as a profit and loss statement (or P&L), summarizes your company’s financial transactions. It shows you how much you earned and how much you spent for a specific reporting period. An income statement is an important tool for any business owner because it lets you know whether your business made […]
How Income and Salary Affect Your Credit Score
https://www.sofi.com/learn/content/does-income-affect-credit-score/
Your income doesn’t have a direct impact on your credit score, but it can have indirect effects. A loss of income, a gap in cash flow, or a sudden layoff can have you feeling a financial pinch. These circumstances could hinder your ability to pay your bills, which can ding your credit. Additionally, your income […]
How to Calculate Your Net Worth and Wealth: The Ultimate Guide
https://www.sofi.com/learn/content/how-to-calculate-your-net-worth/
In some ways, net worth and wealth can be tricky terms to define. To some people, the phrases are synonymous. As others acknowledge, the perception of wealth is influenced by a variety of factors, including where you live, your career, and your age. Here’s a deep dive into how to calculate individual net worth and […]