Sovereign Metals (SVM.AX)

Net assets on the balance sheet as of June 2024 : $22.99 Million USD

According to Sovereign Metals's latest financial reports the company has $22.99 Million USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Sovereign Metals - Net assets on balance sheet (from 2008 to 2024)

Net assets by year

Year	Net assets	Change
2024-06-30	$$22.99 M	259.15%
2023-06-30	$$6.4 M	-63.01%
2022-06-30	$$17.31 M	52.83%
2021-06-30	$$11.32 M	77.28%
2020-06-30	$$6.38 M	-10.3%
2019-06-30	$$7.12 M	-6.44%
2018-06-30	$$7.61 M	8.13%
2017-06-30	$$7.04 M	6.23%
2016-06-30	$$6.62 M	13.36%
2015-06-30	$$5.84 M	-37.77%
2014-06-30	$$9.39 M	14.07%
2013-06-30	$$8.23 M	255.57%
2012-06-30	$$2.31 M	-19.88%
2011-06-30	$$2.89 M	361.75%
2010-06-30	$$0.62 M	-48.84%
2009-06-30	$$1.22 M	-73.27%
2008-06-30	$$4.57 M	-26.99%
2007-06-30	$$6.27 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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Sovereign Metals (SVM.AX) - Net assets