Magnolia Oil & Gas (MGY)

Net assets on the balance sheet as of September 2024 : HK$15.25 Billion

According to Magnolia Oil & Gas's latest financial reports the company has HK$15.25 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Magnolia Oil & Gas - Net assets on balance sheet (from 2017 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$HK$14.70 B	8.14%
2022-12-31	$HK$13.59 B	66.82%
2021-12-31	$HK$8.15 B	25.25%
2020-12-31	$HK$6.50 B	-69.38%
2019-12-31	$HK$21.25 B	0.21%
2018-12-31	$HK$21.20 B	69.87%
2017-12-31	$HK$12.48 B

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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Magnolia Oil & Gas (MGY) - Net assets