Hour Loop (HOUR) - Net Assets

Net assets on the balance sheet as of September 2024 : A$10.66 Million

According to Hour Loop's latest financial reports the company has A$10.66 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Hour Loop - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$A$6.53 M	-34.91%
2022-12-31	$A$10.04 M	174.24%
2021-12-31	$A$3.66 M	-32.57%
2020-12-31	$A$5.42 M	970.3%
2019-12-31	$A$0.5 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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Hour Loop (HOUR) - Net assets