Northann Corp (NCL) - Net Assets

Net assets on the balance sheet as of June 2024 : NZ$1.59 Million

According to Northann Corp's latest financial reports the company has NZ$1.59 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	$NZ$3.1 M	-626.9%
2021-12-31	$-NZ$0.6 Million	-59.02%
2020-12-31	$-NZ$1.44 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