Energy Vault (NRGV) - Net Assets

Net assets on the balance sheet as of June 2024 : HK$1.51 Billion

According to Energy Vault's latest financial reports the company has HK$1.51 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Energy Vault - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$HK$1.74 B	-22.25%
2022-12-31	$HK$2.24 B	-519.85%
2021-12-31	$-HK$0.54 Billion	74.3%
2020-12-31	$-HK$0.31 Billion	180.75%
2019-12-31	$-HK$0.11 Billion

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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Energy Vault (NRGV) - Net assets