Fonix Mobile (FNX.L)

Net assets on the balance sheet as of June 2024 : A$20.97 Million

According to Fonix Mobile's latest financial reports the company has A$20.97 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

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

Net assets by year

Year	Net assets	Change
2023-06-30	$A$17.88 M	29.73%
2022-06-30	$A$13.79 M	43.25%
2021-06-30	$A$9.62 M	120.86%
2020-06-30	$A$4.35 M	9.98%
2019-06-30	$A$3.96 M	-33.06%
2018-06-30	$A$5.92 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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Fonix Mobile (FNX.L) - Net assets