Borealis Foods (BRLS)

Net assets on the balance sheet as of June 2024 : NZ$16 M

According to Borealis Foods's latest financial reports the company has NZ$16 M in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Borealis Foods - Net assets on balance sheet (from 2023 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$NZ$23.01 M	-91.74%
2022-12-31	$NZ$0.27 B	579.62%
2021-12-31	$NZ$41 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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Borealis Foods (BRLS) - Net assets