Fr8Tech (Freight Technologies) (FRGT)

Net assets on the balance sheet as of December 2023 : S$3.42 M

According to Fr8Tech (Freight Technologies)'s latest financial reports the company has S$3.42 M in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Fr8Tech (Freight Technologies) - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$S$4.19 M	-134.7%
2021-12-31	$-S$12.1 M	697.87%
2020-12-31	$-S$1.52 M	-84.62%
2019-12-31	$-S$9.87 M	86.28%
2018-12-31	$-S$5.3 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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Fr8Tech (Freight Technologies) (FRGT) - Net assets