【中文版】

净资产率是公司净资产与总资产的比率，反映了公司资产的质量和公司的偿债能力。净资产是指公司总资产减去总负债后的余额，是公司自有资金的表现形式。净资产率越高，说明公司资产的质量越好，偿债能力也越强。

净资产率的实质是一个衡量公司财务状况的指标，它反映了公司自有资金在公司总资产中所占的比重。净资产率的波动可以反映公司经营状况的变化，如果净资产率持续下降，说明公司的财务状况可能恶化，而如果净资产率持续上升，则说明公司的财务状况可能得到改善。

此外，净资产率还可以用来评估公司的价值。一般来说，净资产率高的公司，其股票价格也会相对较高，这是因为投资者对高净资产率公司的未来收益和偿债能力更有信心。

总之，净资产率能反映公司的资产质量和偿债能力，是投资者进行投资决策的重要参考指标。

【英文版】

Net asset ratio reflects the quality of a company's assets and its debt-paying ability. Net assets refer to the residual value of total assets minus total liabilities, representing the company's self-owned funds. The higher the net asset ratio, the better the quality of the company's assets and its debt-paying ability.

The net asset ratio is a metric used to measure the financial status of a company, reflecting the proportion of self-owned funds in the company's total assets. Fluctuations in the net asset ratio can reflect changes in the company's operating status. If the net asset ratio continues to decline, it indicates that the company's financial status may be deteriorating, while if the net asset ratio continues to rise, it indicates that the company's financial status may be improving.

In addition, the net asset ratio can also be used to evaluate the company's value. Generally speaking, companies with high net asset ratios have relatively high stock prices, as investors have more confidence in the future earnings and debt-paying abilities of high net asset ratio companies.

In summary, the net asset ratio reflects the quality of a company's assets and its debt-paying ability, and is an important reference index for investors to make investment decisions.