Race Oncology (RAC.AX)

Net assets on the balance sheet as of June 2023 : $16.98 M

According to Race Oncology's latest financial reports the company has $16.98 M in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Race Oncology - Net assets on balance sheet (from 2017 to 2023)

Net assets by year

Year	Net assets	Change
2023-06-30	$$16.98 M	-31.97%
2022-06-30	$$24.96 M	142.6%
2021-06-30	$$10.29 M	162.46%
2020-06-30	$$3.92 M	10.58%
2019-06-30	$$3.54 M	-39.6%
2018-06-30	$$5.87 M	35.65%
2017-06-30	$$4.32 M
2015-12-31	$$5.13 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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Race Oncology (RAC.AX) - Net assets