Forza X1 (FRZA) - Net Assets

Net assets on the balance sheet as of September 2024 : C$17 Million

According to Forza X1's latest financial reports the company has C$17 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Forza X1 - Net assets on balance sheet (from 2022 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$C$18.59 M	845.72%
2021-12-31	$C$1.96 M
2021-11-30	$C$2.16 M
2020-12-31	$N/A

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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Forza X1 (FRZA) - Net assets