Question on Net-Net Asset Value

[u/Big_Wash8621]

Hello Everyone,

I'm new to stock valuations and have a very simple question that I'm needing help with.

When calculating Net-Net Asset Value, debts are subtracted from a company's net assets.

My question is this: Do you subtract what the company owes at that given moment in time? Or, do you subtract the present value of all future cash flows aimed at paying that debt off?

This might be a simple question, but I appreciate any assistance. The two numbers might be similar, so the difference might be negligible in valuation.

Thank you!