Mighty Kingdom (MKL.AX)

Net assets on the balance sheet as of June 2023 : A$3.4 Million

According to Mighty Kingdom's latest financial reports the company has A$3.4 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Mighty Kingdom - Net assets on balance sheet (from 2021 to 2023)

Net assets by year

Year	Net assets	Change
2023-06-30	$A$3.25 M	-38.44%
2022-06-30	$A$5.28 M	-55.6%
2021-06-30	$A$11.9 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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Mighty Kingdom (MKL.AX) - Net assets