Garrett Motion (GTX)

Net assets on the balance sheet as of September 2024 : -NZ$1.4 Billion

According to Garrett Motion's latest financial reports the company has -NZ$1.4 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Garrett Motion - Net assets on balance sheet (from 2017 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$-NZ$1.17 Billion	536.13%
2022-12-31	$-NZ$0.19 Billion	-73.33%
2021-12-31	$-NZ$0.69 Billion	-78.58%
2020-12-31	$-NZ$3.2 Billion	1%
2019-12-31	$-NZ$3.17 Billion	-15.6%
2018-12-31	$-NZ$3.76 Billion	21.41%
2017-12-31	$-NZ$3.1 Billion	75.34%
2016-12-31	$-NZ$1.77 Billion

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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Garrett Motion (GTX) - Net assets