Virax Biolabs (VRAX)

Net assets on the balance sheet as of March 2024 : A$7.7 M

According to Virax Biolabs's latest financial reports the company has A$7.7 M in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Virax Biolabs - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2023-03-31	$A$13.29 M	-932.6%
2022-03-31	$-A$1.6 M	46.22%
2021-03-31	$-A$1.1 M	-45.16%
2020-03-31	$-A$2 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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Virax Biolabs (VRAX) - Net assets