Root Insurance (ROOT)

Net assets on the balance sheet as of June 2024 : NZ$0.24 Billion

According to Root Insurance 's latest financial reports the company has NZ$0.24 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Root Insurance - Net assets on balance sheet (from 2019 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$NZ$0.26 B	-39.97%
2022-12-31	$NZ$0.43 B	-44.42%
2021-12-31	$NZ$0.78 B	-45.11%
2020-12-31	$NZ$1.43 B	-357.66%
2019-12-31	$-NZ$0.56 Billion	262.7%
2018-12-31	$-NZ$0.16 Billion

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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Root Insurance (ROOT) - Net assets