LuxUrban Hotels (LUXH)

Net assets on the balance sheet as of September 2024 : -NZ$0.14 Billion

According to LuxUrban Hotels 's latest financial reports the company has -NZ$0.14 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

LuxUrban Hotels - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$-NZ$5.19 Million	-68.42%
2021-12-31	$-NZ$16.42 Million	51.96%
2020-12-31	$-NZ$10.81 Million	245.35%
2019-12-31	$-NZ$3.13 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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LuxUrban Hotels (LUXH) - Net assets