Turbo Energy (TURB) - Net Assets

Net assets on the balance sheet as of December 2023 : NZ$10.1 Million

According to Turbo Energy's latest financial reports the company has NZ$10.1 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Turbo Energy - Net assets on balance sheet (from 2022 to 2023)

Net assets by year

Year	Net assets	Change
2023-12-31	$NZ$9.18 M	38.89%
2022-12-31	$NZ$6.61 M	929.67%
2021-12-31	$NZ$0.64 M

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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Turbo Energy (TURB) - Net assets