Navitas Petroleum (NVPT.TA)

Net assets on the balance sheet as of June 2024 : A$0.71 Billion

According to Navitas Petroleum's latest financial reports the company has A$0.71 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Navitas Petroleum - Net assets on balance sheet (from 2016 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$A$0.55 B	8.87%
2022-12-31	$A$0.51 B	30.46%
2021-12-31	$A$0.39 B	254.17%
2020-12-31	$A$0.11 B	232%
2019-12-31	$A$33.47 M	-1470.08%
2018-12-31	$-A$2.45 Million	-115.09%
2017-12-31	$A$16.19 M	-188.99%
2016-12-31	$-A$18.2 Million	623.66%
2015-12-31	$-A$2.52 Million

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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Navitas Petroleum (NVPT.TA) - Net assets