Hanover Bancorp (HNVR)

Net assets on the balance sheet as of June 2024 : A$0.29 Billion

According to Hanover Bancorp's latest financial reports the company has A$0.29 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Hanover Bancorp - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2023-09-30	$A$0.28 B	9.14%
2022-09-30	$A$0.26 B	55.28%
2021-09-30	$A$0.17 B	56.21%
2020-09-30	$A$0.10 B

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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Hanover Bancorp (HNVR) - Net assets