Lufax (LU) - Net Assets

Net assets on the balance sheet as of September 2024 : ₹1.050 Trillion

According to Lufax's latest financial reports the company has ₹1.050 Trillion 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	$₹1.137 T	2.96%
2021-12-31	$₹1.104 T	18.46%
2020-12-31	$₹932.38 B	89.71%
2019-12-31	$₹491.47 B	38.32%
2018-12-31	$₹355.32 B	70.48%
2017-12-31	$₹208.42 B	48.72%
2016-12-31	$₹140.14 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
OneConnect OCFT	₹37.02 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 : ₹1.050 Trillion