Fonix Mobile (FNX.L)

Net assets on the balance sheet as of December 2023 : £10.04 M

According to Fonix Mobile's latest financial reports the company has £10.04 M in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Fonix Mobile - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2023-06-30	$£9.38 M	20.04%
2022-06-30	$£7.82 M	49.68%
2021-06-30	$£5.22 M	114.76%
2020-06-30	$£2.43 M	10.99%
2019-06-30	$£2.19 M	-33.94%
2018-06-30	$£3.31 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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Fonix Mobile (FNX.L) - Net assets