Locafy (LCFY) - Net Assets

Net assets on the balance sheet as of September 2024 : HK$22.11 Million

According to Locafy's latest financial reports the company has HK$22.11 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Locafy - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2023-06-30	$HK$25.89 M	-6.27%
2022-06-30	$HK$27.62 M	-666.88%
2021-06-30	$-HK$4.88 Million	-57.71%
2020-06-30	$-HK$11.53 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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Locafy (LCFY) - Net assets