Shift Technologies (SFT) - Net assets

Net assets on the balance sheet as of June 2023 : -HK$1.02 Billion

According to Shift Technologies's latest financial reports the company has -HK$1.02 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Shift Technologies - Net assets on balance sheet (from 2019 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$-HK$0.47 Billion	-179.59%
2021-12-31	$HK$0.58 B	-68.08%
2020-12-31	$HK$1.83 B	444.81%
2019-12-31	$HK$0.33 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Perion Network PERI	HK$5.62 B	-652.03%	🇮🇱 Israel

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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