Fr8Tech (Freight Technologies) (FRGT)

Net assets on the balance sheet as of December 2023 : NZ$4.48 Million

According to Fr8Tech (Freight Technologies)'s latest financial reports the company has NZ$4.48 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Fr8Tech (Freight Technologies) - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$NZ$4.93 M	-137.55%
2021-12-31	$-NZ$13.14 Million	726.24%
2020-12-31	$-NZ$1.59 Million	-85.4%
2019-12-31	$-NZ$10.89 Million	87.96%
2018-12-31	$-NZ$5.8 Million

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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Fr8Tech (Freight Technologies) (FRGT) - Net assets