Virax Biolabs (VRAX)

Net assets on the balance sheet as of March 2024 : C$7.23 Million

According to Virax Biolabs's latest financial reports the company has C$7.23 Million 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	$C$12.03 M	-906.01%
2022-03-31	$-C$1.5 Million	42.29%
2021-03-31	$-C$1.05 Million	-39.07%
2020-03-31	$-C$1.73 Million

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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