New Found Gold (NFGC)

Net assets on the balance sheet as of June 2024 : $49.72 Million USD

According to New Found Gold's latest financial reports the company has $49.72 Million USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

New Found Gold - Net assets on balance sheet (from 2019 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$$61.51 M	-36.08%
2021-12-31	$$96.24 M	68.33%
2020-12-31	$$57.17 M	733.21%
2019-12-31	$$6.86 M

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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New Found Gold (NFGC) - Net assets