Does the total assets of an enterprise include liabilities?

Total assets exclude liabilities. Total assets refer to all assets owned or controlled by an enterprise. Including current assets, long-term investments, fixed assets, intangible and deferred assets and other long-term assets. , that is, the total assets on the balance sheet of the enterprise. In which: (1) Current assets: refers to the total assets that an enterprise can realize or consume in a production cycle of one year or more. Including cash and various deposits, short-term investments, receivables and prepayments, inventories, etc. (2) Fixed assets: refers to the total amount of funds occupied by the enterprise's net fixed assets, fixed assets clearing, projects under construction and losses of fixed assets to be handled. (3) Intangible assets: refers to assets that have been used by enterprises for a long time and have no physical form. Including patent right, non-patented technology, trademark right, copyright and land use right. Total liabilities refer to the current obligations formed by past transactions and events, and the fulfillment of this obligation is expected to lead to the outflow of economic benefits from the enterprise, including current liabilities and long-term liabilities. Among them, long-term liabilities refer to debts with repayment period exceeding one year or operating cycle exceeding one year.