Cyngn (CYN) - Net Assets

Net assets on the balance sheet as of September 2024 : A$10.64 Million

According to Cyngn's latest financial reports the company has A$10.64 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Cyngn - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$A$15.61 M	-55.95%
2022-12-31	$A$35.44 M	15.49%
2021-12-31	$A$30.68 M	321.53%
2020-12-31	$A$7.27 M	-63.08%
2019-12-31	$A$19.71 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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Cyngn (CYN) - Net assets