Fonix Mobile (FNX.L)

Net assets on the balance sheet as of June 2024 : ₹1.15 Billion

According to Fonix Mobile's latest financial reports the company has ₹1.15 Billion 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 2024)

Net assets by year

Year	Net assets	Change
2023-06-30	$₹0.97 B	29.84%
2022-06-30	$₹0.74 B	39.33%
2021-06-30	$₹0.53 B	136.98%
2020-06-30	$₹0.22 B	18.17%
2019-06-30	$₹0.19 B	-36.04%
2018-06-30	$₹0.29 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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Fonix Mobile (FNX.L) - Net assets