Lufax (LU) - Net Assets

Net assets on the balance sheet as of September 2024 : C$17.69 Billion

According to Lufax's latest financial reports the company has C$17.69 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	$C$18.64 B	-1.39%
2021-12-31	$C$18.91 B	16.34%
2020-12-31	$C$16.25 B	80.59%
2019-12-31	$C$9.00 B	30.03%
2018-12-31	$C$6.92 B	68.67%
2017-12-31	$C$4.10 B	48.08%
2016-12-31	$C$2.77 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
OneConnect OCFT	C$0.62 B	-96.48%	🇨🇳 China

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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Lufax (LU) - Net assets

Net assets on the balance sheet as of September 2024 : C$17.69 Billion