Trio Petroleum (TPET)

Net assets on the balance sheet as of July 2024 : $8.06 Million USD

According to Trio Petroleum's latest financial reports the company has $8.06 Million USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Trio Petroleum - Net assets on balance sheet (from 2022 to 2024)

Net assets by year

Year	Net assets	Change
2023-10-31	$$9.74 M	257.8%
2022-10-31	$$2.72 M	-32.77%
2021-10-31	$$4.05 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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Trio Petroleum (TPET) - Net assets