Fonix Mobile (FNX.L)

Net assets on the balance sheet as of June 2024 : C$19.44 Million

According to Fonix Mobile's latest financial reports the company has C$19.44 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Fonix Mobile - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2023-06-30	$C$15.69 M	28.37%
2022-06-30	$C$12.22 M	36.34%
2021-06-30	$C$8.96 M	119.2%
2020-06-30	$C$4.09 M	11.99%
2019-06-30	$C$3.65 M	-36.62%
2018-06-30	$C$5.76 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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Fonix Mobile (FNX.L) - Net assets