Mainz Biomed (MYNZ) - Net Assets

Net assets on the balance sheet as of December 2023 : A$5.11 Million

According to Mainz Biomed's latest financial reports the company has A$5.11 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Mainz Biomed - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$A$20.71 M	136.08%
2021-12-31	$A$8.77 M	-346.09%
2020-12-31	$-A$3.57 Million	28%
2019-12-31	$-A$2.79 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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Mainz Biomed (MYNZ) - Net assets