Wheels Up (UP) - Net Assets

Net assets on the balance sheet as of June 2024 : -NZ$0.13 Billion

According to Wheels Up's latest financial reports the company has -NZ$0.13 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Wheels Up - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$NZ$0.15 B	-61.19%
2022-12-31	$NZ$0.39 B	-63.19%
2021-12-31	$NZ$1.07 B	164.69%
2020-12-31	$NZ$0.40 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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Wheels Up (UP) - Net assets