Porch Group (PRCH) - Net Assets

Net assets on the balance sheet as of June 2024 : -NZ$0.17 B

According to Porch Group's latest financial reports the company has -NZ$0.17 B in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Porch Group - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$NZ$0.12 B	-60.67%
2021-12-31	$NZ$0.31 B	113.63%
2020-12-31	$NZ$0.14 B	-267.02%
2019-12-31	$-NZ$89.06 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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Porch Group (PRCH) - Net assets