Electra Meccanica (SOLO)

Net assets on the balance sheet as of December 2023 : NZ$0.12 Billion

According to Electra Meccanica's latest financial reports the company has NZ$0.12 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	$NZ$0.11 B	-42.39%
2022-12-31	$NZ$0.20 B	-44.25%
2021-12-31	$NZ$0.35 B	111.55%
2020-12-31	$NZ$0.17 B	922.28%
2019-12-31	$NZ$16.63 M	-9.64%
2018-12-31	$NZ$18.4 M	265.95%
2017-12-31	$NZ$5.02 M	61.03%
2016-12-31	$NZ$3.12 M	-3187.1%
2015-12-31	$-NZ$0.11 Million

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
The Shyft Group SHYF	NZ$0.41 B	240.93%	🇺🇸 USA
Nikola NKLA	NZ$0.86 B	616.59%	🇺🇸 USA
NIO NIO	NZ$4.71 B	3,802.47%	🇨🇳 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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Electra Meccanica (SOLO) - Net assets

Net assets on the balance sheet as of December 2023 : NZ$0.12 Billion