Tourmaline Bio (TRML)

Net assets on the balance sheet as of September 2024 : A$0.50 Billion

According to Tourmaline Bio's latest financial reports the company has A$0.50 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Tourmaline Bio - Net assets on balance sheet (from 2022 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$A$0.30 B	-1137.92%
2022-12-31	$-A$29 Million	9201.62%
2021-12-31	$-A$0.32 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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Tourmaline Bio (TRML) - Net assets