Borealis Foods (BRLS)

Net assets on the balance sheet as of September 2024 : $5.06 Million USD

According to Borealis Foods's latest financial reports the company has $5.06 Million USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Borealis Foods - Net assets on balance sheet (from 2023 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$$14.55 M	-91.77%
2022-12-31	$$0.17 B	530.06%
2021-12-31	$$28.08 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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Borealis Foods (BRLS) - Net assets