Magnolia Oil & Gas (MGY)

Net assets on the balance sheet as of September 2024 : NZ$3.35 Billion

According to Magnolia Oil & Gas's latest financial reports the company has NZ$3.35 Billion 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	$NZ$2.97 B	8.62%
2022-12-31	$NZ$2.74 B	79.11%
2021-12-31	$NZ$1.53 B	31.54%
2020-12-31	$NZ$1.16 B	-71.28%
2019-12-31	$NZ$4.05 B	0.35%
2018-12-31	$NZ$4.03 B	79.44%
2017-12-31	$NZ$2.24 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