PHINIA (PHIN) - Net Assets

Net assets on the balance sheet as of September 2024 : NZ$2.90 Billion

According to PHINIA's latest financial reports the company has NZ$2.90 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

PHINIA - Net assets on balance sheet (from 2022 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$NZ$2.98 B	15.3%
2022-12-31	$NZ$2.58 B	3.25%
2021-12-31	$NZ$2.50 B

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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PHINIA (PHIN) - Net assets