Purple Innovation Net Loan Assets (Quarterly)

Net Loan Assets represents the total value of loans that the company has extended to others, such as customers or clients, after subtracting any allowances for loan losses or provisions for bad debt. It is ultimately the amount that the company expects to actually collect from these outstanding loans, and can be an important metric in determining a company’s credit risk. Net Loan Assets are taken from a line item on the company's balance sheet.

Read full definition.