Fragbite Group (FRAG.ST)

Net assets on the balance sheet as of June 2024 : A$13.04 Million

According to Fragbite Group's latest financial reports the company has A$13.04 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

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

Net assets by year

Year	Net assets	Change
2022-12-31	$A$22.82 M	-26.35%
2021-12-31	$A$30.98 M	188.4%
2020-12-31	$A$10.74 M	348.5%
2019-12-31	$A$2.39 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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Fragbite Group (FRAG.ST) - Net assets