Newegg (NEGG) - Net Assets

Net assets on the balance sheet as of December 2023 : NZ$0.22 Billion

According to Newegg's latest financial reports the company has NZ$0.22 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Newegg - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$NZ$0.24 B	-8.39%
2021-12-31	$NZ$0.26 B	51.03%
2020-12-31	$NZ$0.17 B

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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Newegg (NEGG) - Net assets