Magnolia Oil & Gas (MGY)

Net assets on the balance sheet as of September 2024 : $1.96 Billion USD

According to Magnolia Oil & Gas's latest financial reports the company has $1.96 Billion USD 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	$$1.88 B	8.19%
2022-12-31	$$1.74 B	66.49%
2021-12-31	$$1.04 B	24.52%
2020-12-31	$$0.83 B	-69.24%
2019-12-31	$$2.72 B	0.76%
2018-12-31	$$2.70 B	69.48%
2017-12-31	$$1.59 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