Nikola (NKLA) - Net Assets

Net assets on the balance sheet as of September 2024 : HK$2.94 Billion

According to Nikola's latest financial reports the company has HK$2.94 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	$HK$5.61 B	36.54%
2022-12-31	$HK$4.11 B	-23.94%
2021-12-31	$HK$5.40 B	-28.82%
2020-12-31	$HK$7.59 B	399.02%
2019-12-31	$HK$1.52 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
The Shyft Group SHYF	HK$1.96 B	-33.38%	🇺🇸 USA
Nikola NKLA	HK$2.94 B	0.00%	🇺🇸 USA
NIO NIO	HK$17.81 B	504.47%	🇨🇳 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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Nikola (NKLA) - Net assets

Net assets on the balance sheet as of September 2024 : HK$2.94 Billion