Calculate Paid In Capital (PIC) is a business term used to define the difference between the total investment capital available to a company and its equity value. PIC is calculated by deducting the company’s issued stock, including preferred stock and par value stock, from the total amount of investment capital received by the company. This measure helps investors determine how much of the company’s assets are owned by shareholders. It can also be used to understand a company’s ability to fund investments and other business activities that generate returns or growth for the business.