Porch Group (PRCH) - Net Assets

Net assets on the balance sheet as of June 2024 : -A$0.16 Billion

According to Porch Group's latest financial reports the company has -A$0.16 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Porch Group - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$A$0.11 B	-61.05%
2021-12-31	$A$0.29 B	114.49%
2020-12-31	$A$0.13 B	-262.93%
2019-12-31	$-A$85.67 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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Porch Group (PRCH) - Net assets