Nikola (NKLA) - Net assets

Net assets on the balance sheet as of September 2024 : S$0.49 Billion

According to Nikola's latest financial reports the company has S$0.49 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

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

Net assets by year

Year	Net assets	Change
2023-12-31	$S$0.94 B	34.57%
2022-12-31	$S$0.70 B	-24.73%
2021-12-31	$S$0.93 B	-27.69%
2020-12-31	$S$1.29 B	391.94%
2019-12-31	$S$0.26 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
The Shyft Group SHYF	S$0.32 B	-34.78%	🇺🇸 USA
Nikola NKLA	S$0.49 B	0.00%	🇺🇸 USA
NIO NIO	S$1.19 B	143.52%	🇨🇳 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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