Forza X1 (FRZA) - Net Assets

Net assets on the balance sheet as of June 2024 : NZ$21.18 Million

According to Forza X1's latest financial reports the company has NZ$21.18 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Forza X1 - Net assets on balance sheet (from 2022 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$NZ$21.57 M	855.56%
2021-12-31	$NZ$2.25 M
2021-11-30	$NZ$2.48 M
2020-12-31	$N/A

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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Forza X1 (FRZA) - Net assets