Electra Meccanica (SOLO)

Net assets on the balance sheet as of December 2023 : ₹6.35 Billion

According to Electra Meccanica's latest financial reports the company has ₹6.35 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	$₹6.08 B	-42.27%
2022-12-31	$₹10.53 B	-42.38%
2021-12-31	$₹18.28 B	103.82%
2020-12-31	$₹8.97 B	1023.23%
2019-12-31	$₹0.79 B	-7.47%
2018-12-31	$₹0.86 B	278.5%
2017-12-31	$₹0.22 B	55.13%
2016-12-31	$₹0.14 B	-3294.93%
2015-12-31	$-₹4.61 Million

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
The Shyft Group SHYF	₹21.99 B	245.82%	🇺🇸 USA
Nikola NKLA	₹33.00 B	419.07%	🇺🇸 USA
NIO NIO	₹199.51 B	3,037.64%	🇨🇳 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 : ₹6.35 Billion