Erayak Power Solution (RAYA)

Net assets on the balance sheet as of December 2023 : A$30.99 Million

According to Erayak Power Solution's latest financial reports the company has A$30.99 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Erayak Power Solution - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$A$28.42 M	198.92%
2021-12-31	$A$9.5 M	116.57%
2020-12-31	$A$4.39 M	217.11%
2019-12-31	$A$1.38 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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Erayak Power Solution (RAYA) - Net assets