Lufax (LU) - Net Assets

Net assets on the balance sheet as of September 2024 : A$18.51 Billion

According to Lufax's latest financial reports the company has A$18.51 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

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

Net assets by year

Year	Net assets	Change
2023-12-31	$A$19.45 B	-3.68%
2022-12-31	$A$20.19 B	-1.33%
2021-12-31	$A$20.46 B	23.45%
2020-12-31	$A$16.58 B	68.43%
2019-12-31	$A$9.84 B	36.46%
2018-12-31	$A$7.21 B	72.52%
2017-12-31	$A$4.18 B	46.14%
2016-12-31	$A$2.86 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
OneConnect OCFT	A$0.50 B	-97.27%	🇨🇳 China

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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Lufax (LU) - Net assets

Net assets on the balance sheet as of September 2024 : A$18.51 Billion