Electra Meccanica (SOLO)

Net assets on the balance sheet as of December 2023 : HK$0.56 Billion

According to Electra Meccanica's latest financial reports the company has HK$0.56 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	$HK$0.57 B	-42.64%
2022-12-31	$HK$0.99 B	-48.07%
2021-12-31	$HK$1.91 B	101.44%
2020-12-31	$HK$0.95 B	990.18%
2019-12-31	$HK$87.23 M	-9.77%
2018-12-31	$HK$96.68 M	246.43%
2017-12-31	$HK$27.9 M	66.34%
2016-12-31	$HK$16.77 M	-3225.96%
2015-12-31	$-HK$0.54 Million

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
The Shyft Group SHYF	HK$1.96 B	245.82%	🇺🇸 USA
Nikola NKLA	HK$2.95 B	419.07%	🇺🇸 USA
NIO NIO	HK$22.19 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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Electra Meccanica (SOLO) - Net assets

Net assets on the balance sheet as of December 2023 : HK$0.56 Billion