Magnolia Oil & Gas (MGY)

Net assets on the balance sheet as of September 2024 : C$2.81 Billion

According to Magnolia Oil & Gas's latest financial reports the company has C$2.81 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Magnolia Oil & Gas - Net assets on balance sheet (from 2017 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$C$2.49 B	5.75%
2022-12-31	$C$2.36 B	77.26%
2021-12-31	$C$1.33 B	24.46%
2020-12-31	$C$1.07 B	-69.97%
2019-12-31	$C$3.56 B	-3.39%
2018-12-31	$C$3.68 B	83.62%
2017-12-31	$C$2.00 B

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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Magnolia Oil & Gas (MGY) - Net assets