Westgold Resources Limited (WGX.AX)

Net assets on the balance sheet as of June 2023 : HK$3.10 B

According to Westgold Resources Limited's latest financial reports the company has HK$3.10 B in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Westgold Resources Limited - Net assets on balance sheet (from 2017 to 2023)

Net assets by year

Year	Net assets	Change
2023-06-30	$HK$3.12 B	-2.03%
2022-06-30	$HK$3.18 B	-9.84%
2021-06-30	$HK$3.53 B	26.92%
2020-06-30	$HK$2.78 B	14.55%
2019-06-30	$HK$2.43 B	3.2%
2018-06-30	$HK$2.35 B	31.29%
2017-06-30	$HK$1.79 B	13.29%
2016-06-30	$HK$1.58 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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Westgold Resources Limited (WGX.AX) - Net assets