Innovative Eyewear (LUCY)

Net assets on the balance sheet as of September 2024 : A$17.5 Million

According to Innovative Eyewear's latest financial reports the company has A$17.5 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Innovative Eyewear - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$A$5.91 M	1966.09%
2021-12-31	$A$0.28 M	-139.67%
2020-12-31	$-A$0.73 Million	4.42%
2019-12-31	$-A$0.7 Million

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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Innovative Eyewear (LUCY) - Net assets