Trio Petroleum (TPET)

Net assets on the balance sheet as of July 2024 : NZ$13.8 Million

According to Trio Petroleum's latest financial reports the company has NZ$13.8 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Trio Petroleum - Net assets on balance sheet (from 2022 to 2024)

Net assets by year

Year	Net assets	Change
2023-10-31	$NZ$16.68 M	255.45%
2022-10-31	$NZ$4.69 M	-16.96%
2021-10-31	$NZ$5.65 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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Trio Petroleum (TPET) - Net assets