LMP Automotive Holdings (LMPX)

Net assets on the balance sheet as of September 2021 : A$54.96 Million

According to LMP Automotive Holdings's latest financial reports the company has A$54.96 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

LMP Automotive Holdings - Net assets on balance sheet (from 2018 to 2021)

Net assets by year

Year	Net assets	Change
2020-12-31	$A$37.9 M	67.45%
2019-12-31	$A$22.63 M	63.48%
2018-12-31	$A$13.84 M	326.88%
2017-12-31	$A$3.24 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Perion Network PERI	A$1.02 B	1,759.10%	🇮🇱 Israel

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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LMP Automotive Holdings (LMPX) - Net assets

Net assets on the balance sheet as of September 2021 : A$54.96 Million