What type of report provides a comprehensive list of an individual’s assets and debts?

A net worth statement is a financial document that offers a full overview of an individual's financial position by detailing their assets and liabilities. It summarizes what a person owns, such as cash, real estate, investments, and personal property, alongside what they owe, including loans, mortgages, and other debts. By calculating the difference between total assets and total liabilities, the net worth statement effectively shows an individual's overall financial health, which is indicated by their net worth. This comprehensive snapshot is particularly useful for tracking financial progress over time and making informed financial decisions.