Umbrella Global Energy (UMB.MC)

Net assets on the balance sheet as of December 2023 : NZ$44.29 Million

According to Umbrella Global Energy's latest financial reports the company has NZ$44.29 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Umbrella Global Energy - Net assets on balance sheet (from 2022 to 2023)

Net assets by year

Year	Net assets	Change
2023-12-31	$NZ$42.21 M	-5.27%
2022-12-31	$NZ$44.55 M	503.66%
2021-12-31	$NZ$7.38 M	63.99%
2020-12-31	$NZ$4.5 M	190.36%
2019-12-31	$NZ$1.55 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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Umbrella Global Energy (UMB.MC) - Net assets