Somec S.p.A. (SOM.MI)

Net assets on the balance sheet as of December 2023 : NZ$39.66 Million

According to Somec S.p.A.'s latest financial reports the company has NZ$39.66 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Somec S.p.A. - Net assets on balance sheet (from 2017 to 2023)

Net assets by year

Year	Net assets	Change
2023-12-31	$NZ$36.64 M	-41.08%
2022-12-31	$NZ$62.19 M	-34.58%
2021-12-31	$NZ$95.06 M	23.36%
2020-12-31	$NZ$77.06 M	-4.68%
2019-12-31	$NZ$80.84 M	5.03%
2018-12-31	$NZ$76.96 M	296.83%
2017-12-31	$NZ$19.39 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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Somec S.p.A. (SOM.MI) - Net assets