Fr8Tech (Freight Technologies) (FRGT)

Net assets on the balance sheet as of December 2023 : $2.62 Million USD

According to Fr8Tech (Freight Technologies)'s latest financial reports the company has $2.62 Million USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Fr8Tech (Freight Technologies) - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$$3.13 M	-134.9%
2021-12-31	$-$8.98 Million	682.16%
2020-12-31	$-$1.15 Million	-84.36%
2019-12-31	$-$7.34 Million	88.71%
2018-12-31	$-$3.89 Million

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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Fr8Tech (Freight Technologies) (FRGT) - Net assets