Fr8Tech (Freight Technologies) (FRGT)

Net assets on the balance sheet as of December 2023 : A$4.2 Million

According to Fr8Tech (Freight Technologies)'s latest financial reports the company has A$4.2 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Fr8Tech (Freight Technologies) - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$A$4.6 M	-137.19%
2021-12-31	$-A$12.38 Million	729.57%
2020-12-31	$-A$1.5 Million	-85.76%
2019-12-31	$-A$10.48 Million	89.88%
2018-12-31	$-A$5.52 Million

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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Fr8Tech (Freight Technologies) (FRGT) - Net assets