Northann Corp (NCL) - Net Assets

Net assets on the balance sheet as of June 2024 : A$1.5 Million

According to Northann Corp's latest financial reports the company has A$1.5 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Northann Corp - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$A$2.9 M	-621.78%
2021-12-31	$-A$0.56 Million	-58.85%
2020-12-31	$-A$1.36 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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Northann Corp (NCL) - Net assets