Originally Posted by
Tornado875
I'm not an expert, but if the stock goes to zero isn't it implying that there isn't any difference between spirits assets and its liabilities? If something has 500 million worth of airplanes, but 500 million worth of debt it isn't worth anything right? Again I really am just trying to understand here.
You're thinking of book value. Book value is the net value of a firm's assets found on its balance sheet, and it is roughly equal to the total amount all shareholders would get if they liquidated the company. Market value is the company's worth based on the total value of its outstanding shares in the market, which is its market capitalization.