Phoenix Motor (PEV) - Net Assets

Net assets on the balance sheet as of September 2024 : NZ$26.27 Million

According to Phoenix Motor's latest financial reports the company has NZ$26.27 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Phoenix Motor - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$-NZ$7.66 Million	-139.55%
2022-12-31	$NZ$19.34 M	29.19%
2021-12-31	$NZ$14.97 M	-56.42%
2020-12-31	$NZ$34.35 M

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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Phoenix Motor (PEV) - Net assets