Magnolia Oil & Gas (MGY)

Net assets on the balance sheet as of September 2024 : A$2.97 Billion

According to Magnolia Oil & Gas's latest financial reports the company has A$2.97 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Magnolia Oil & Gas - Net assets on balance sheet (from 2017 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$A$2.76 B	8.06%
2022-12-31	$A$2.55 B	77.37%
2021-12-31	$A$1.44 B	32.07%
2020-12-31	$A$1.09 B	-71.99%
2019-12-31	$A$3.89 B	1.38%
2018-12-31	$A$3.84 B	87.81%
2017-12-31	$A$2.04 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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Magnolia Oil & Gas (MGY) - Net assets