U.S. GoldMining (USGO)

Net assets on the balance sheet as of September 2024 : NZ$9.54 Million

According to U.S. GoldMining's latest financial reports the company has NZ$9.54 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

U.S. GoldMining - Net assets on balance sheet (from 2022 to 2024)

Net assets by year

Year	Net assets	Change
2023-11-30	$NZ$19.83 M	-1058.03%
2022-11-30	$-NZ$2.08 Million	435.13%
2021-11-30	$-NZ$0.39 Million	-543.74%
2020-11-30	$NZ$0.08 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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U.S. GoldMining (USGO) - Net assets