Lufax (LU) - Net Assets

Net assets on the balance sheet as of September 2024 : S$16.52 Billion

According to Lufax's latest financial reports the company has S$16.52 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Lufax - Net assets on balance sheet (from 2019 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$S$18.42 B	-8.16%
2021-12-31	$S$20.06 B	18.95%
2020-12-31	$S$16.86 B	81.52%
2019-12-31	$S$9.29 B	33.84%
2018-12-31	$S$6.94 B	59.01%
2017-12-31	$S$4.36 B	46.28%
2016-12-31	$S$2.98 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
OneConnect OCFT	S$0.57 B	-96.52%	🇨🇳 China

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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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Lufax (LU) - Net assets

Net assets on the balance sheet as of September 2024 : S$16.52 Billion