Trio Petroleum (TPET)

Net assets on the balance sheet as of October 2024 : ₹0.78 Billion

According to Trio Petroleum's latest financial reports the company has ₹0.78 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Trio Petroleum - Net assets on balance sheet (from 2022 to 2024)

Net assets by year

Year	Net assets	Change
2023-10-31	$₹0.81 B	262.4%
2022-10-31	$₹0.22 B	-26.21%
2021-10-31	$₹0.30 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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Trio Petroleum (TPET) - Net assets