Novonix (NVX) - Net Assets

Net assets on the balance sheet as of December 2023 : A$0.29 Billion

According to Novonix's latest financial reports the company has A$0.29 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Novonix - Net assets on balance sheet (from 2016 to 2021)

Net assets by year

Year	Net assets	Change
2021-06-30	$A$0.13 B	210.93%
2020-06-30	$A$44.52 M	303.1%
2019-06-30	$A$11.04 M	-52.43%
2018-06-30	$A$23.21 M	50.4%
2017-06-30	$A$15.43 M	662.07%
2016-06-30	$A$2.02 M
2015-09-30	$A$2.23 M

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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Novonix (NVX) - Net assets