Fly-E Group (FLYE) - Net Assets

Net assets on the balance sheet as of June 2024 : S$19.5 M

According to Fly-E Group's latest financial reports the company has S$19.5 M in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Fly-E Group - Net assets on balance sheet (from 2023 to 2024)

Net assets by year

Year	Net assets	Change
2023-03-31	$S$3.32 M	118.85%
2022-03-31	$S$1.51 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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Fly-E Group (FLYE) - Net assets