If the combined value of what you own is less than what you owe, what type of net worth do you have?

When the combined value of what you own, known as your assets, is less than what you owe, which refers to your liabilities, you are in a situation of negative net worth. This means that your financial obligations exceed your total assets, indicating that if you were to sell all your assets, you would still have debt remaining.

In a financial context, a negative net worth highlights a challenging situation where your debts surpass your financial possessions. It serves as a critical indicator of financial health, often suggesting the need for improvement in managing debts or increasing asset values. Positive net worth indicates financial security, while a zero net worth means you have neither surplus nor debt. Equity typically refers to ownership in an asset minus any liabilities, but in this context, it does not directly relate to the net worth described in the question.