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

Net assets on the balance sheet as of December 2023 : $23.17 Million USD

According to Somec S.p.A.'s latest financial reports the company has $23.17 Million USD 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	$$23.17 M	-41.32%
2022-12-31	$$39.48 M	-39.19%
2021-12-31	$$64.93 M	16.78%
2020-12-31	$$55.6 M	2.12%
2019-12-31	$$54.44 M	5.46%
2018-12-31	$$51.62 M	274.8%
2017-12-31	$$13.77 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