Nikola (NKLA) - Net Assets

Net assets on the balance sheet as of September 2024 : A$0.58 Billion

According to Nikola's latest financial reports the company has A$0.58 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Nikola - Net assets on balance sheet (from 2019 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$A$1.05 B	36.44%
2022-12-31	$A$0.77 B	-19.13%
2021-12-31	$A$0.95 B	-24.95%
2020-12-31	$A$1.27 B	356.48%
2019-12-31	$A$0.27 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
The Shyft Group SHYF	A$0.39 B	-33.38%	🇺🇸 USA
Nikola NKLA	A$0.58 B	0.00%	🇺🇸 USA
NIO NIO	A$4.41 B	651.82%	🇨🇳 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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Nikola (NKLA) - Net assets

Net assets on the balance sheet as of September 2024 : A$0.58 Billion