Shift Technologies (SFT) - Net assets

Net assets on the balance sheet as of June 2023 : -₹11.75 Billion

According to Shift Technologies's latest financial reports the company has -₹11.75 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	$-₹4.95 Billion	-188.3%
2021-12-31	$₹5.60 B	-67.7%
2020-12-31	$₹17.34 B	461.33%
2019-12-31	$₹3.09 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Perion Network PERI	₹61.67 B	-624.89%	🇮🇱 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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