New Found Gold (NFGC)

Net assets on the balance sheet as of June 2024 : NZ$85.12 Million

According to New Found Gold's latest financial reports the company has NZ$85.12 Million 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	$NZ$96.89 M	-31.24%
2021-12-31	$NZ$0.14 B	77.82%
2020-12-31	$NZ$79.23 M	677.71%
2019-12-31	$NZ$10.18 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