Granite Ridge Resources (GRNT)

Net assets on the balance sheet as of June 2024 : A$1.02 Billion

According to Granite Ridge Resources's latest financial reports the company has A$1.02 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Granite Ridge Resources - Net assets on balance sheet (from 2022 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$A$0.98 B	1%
2022-12-31	$A$0.97 B	49%
2021-12-31	$A$0.65 B	1416.8%
2020-12-31	$A$43.18 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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Granite Ridge Resources (GRNT) - Net assets