G Medical Innovations (GMVD)

Net assets on the balance sheet as of December 2022 : -A$7.04 Million

According to G Medical Innovations's latest financial reports the company has -A$7.04 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

G Medical Innovations - Net assets on balance sheet (from 2017 to 2019)

Net assets by year

Year	Net assets	Change
2019-12-31	$-A$9.88 Million	281.31%
2018-12-31	$-A$2.59 Million	-119.61%
2017-12-31	$A$13.2 M
2016-09-30	$A$6.36 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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G Medical Innovations (GMVD) - Net assets