New Found Gold (NFGC)

Net assets on the balance sheet as of June 2024 : A$76.29 Million

According to New Found Gold's latest financial reports the company has A$76.29 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

New Found Gold - Net assets on balance sheet (from 2019 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$A$90.39 M	-31.9%
2021-12-31	$A$0.13 B	78.53%
2020-12-31	$A$74.35 M	658.67%
2019-12-31	$A$9.8 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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New Found Gold (NFGC) - Net assets