Fortescue (FMG.AX) - Net Assets

Net assets on the balance sheet as of June 2023 : $17.99 B

According to Fortescue's latest financial reports the company has $17.99 B in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Fortescue - Net assets on balance sheet (from 2022 to 2021)

Net assets by year

Year	Net assets	Change
2023-06-30	$$17.99 B	3.76%
2022-06-30	$$17.34 B	30.17%
2021-06-30	$$13.32 B	46.41%
2020-06-30	$$9.10 B	22.24%
2019-06-30	$$7.44 B	3.4%
2018-06-30	$$7.20 B	-3.75%
2017-06-30	$$7.48 B	19.14%
2016-06-30	$$6.27 B	8.58%
2015-06-30	$$5.78 B	-19.02%
2014-06-30	$$7.14 B	47.9%
2013-06-30	$$4.82 B	25.35%
2012-06-30	$$3.85 B	47.99%
2011-06-30	$$2.60 B	109.51%
2010-06-30	$$1.24 B	81.15%
2009-06-30	$$0.68 B	-145.63%
2008-06-30	$-$1.51 B	-515.23%
2007-06-30	$$0.36 B	255.42%
2006-06-30	$$0.10 B	127.19%
2005-06-30	$$44.82 M	586.92%
2004-06-30	$$6.52 M	211.15%
2003-06-30	$$2.09 M	113.84%
2002-06-30	$$0.98 M	19.82%
2001-06-30	$$0.81 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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Fortescue (FMG.AX) - Net assets