Electra Meccanica (SOLO) - Net assets

Net assets on the balance sheet as of December 2023 : £56.38 Million

According to Electra Meccanica's latest financial reports the company has £56.38 Million 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	$£57.34 M	-45.51%
2022-12-31	$£0.10 B	-42.18%
2021-12-31	$£0.18 B	102.23%
2020-12-31	$£90 M	953.64%
2019-12-31	$£8.54 M	-12.17%
2018-12-31	$£9.72 M	268%
2017-12-31	$£2.64 M	50.73%
2016-12-31	$£1.75 M	-3852.42%
2015-12-31	$-£0.05 Million

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
The Shyft Group SHYF	£0.19 B	240.93%	🇺🇸 USA
Nikola NKLA	£0.40 B	616.59%	🇺🇸 USA
NIO NIO	£2.20 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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