Electra Meccanica (SOLO) - Net assets

Net assets on the balance sheet as of December 2023 : A$0.10 Billion

According to Electra Meccanica's latest financial reports the company has A$0.10 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Electra Meccanica - Net assets on balance sheet (from 2020 to 2020)

Net assets by year

Year	Net assets	Change
2023-12-31	$A$0.10 B	-42.68%
2022-12-31	$A$0.18 B	-44.79%
2021-12-31	$A$0.33 B	112.41%
2020-12-31	$A$0.15 B	897.25%
2019-12-31	$A$15.99 M	-8.71%
2018-12-31	$A$17.52 M	283.03%
2017-12-31	$A$4.57 M	52.44%
2016-12-31	$A$3 M	-3257.65%
2015-12-31	$-A$0.1 Million

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
The Shyft Group SHYF	A$0.37 B	240.93%	🇺🇸 USA
Nikola NKLA	A$0.78 B	616.59%	🇺🇸 USA
NIO NIO	A$4.26 B	3,802.47%	🇨🇳 China

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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