Shift Technologies (SFT) - Net assets

Net assets on the balance sheet as of June 2023 : -NZ$0.24 Billion

According to Shift Technologies's latest financial reports the company has -NZ$0.24 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Shift Technologies - Net assets on balance sheet (from 2019 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$-NZ$94.17 Million	-185.45%
2021-12-31	$NZ$0.11 B	-66.48%
2020-12-31	$NZ$0.32 B	410.88%
2019-12-31	$NZ$64.34 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Perion Network PERI	NZ$1.27 B	-652.03%	🇮🇱 Israel

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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