Universal Music Group (UMG.AS)

Net assets on the balance sheet as of December 2023 : A$5.27 Billion

According to Universal Music Group's latest financial reports the company has A$5.27 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Universal Music Group - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$A$3.70 B	16.91%
2021-12-31	$A$3.17 B	21.32%
2020-12-31	$A$2.61 B	-45.27%
2019-12-31	$A$4.77 B	-2.03%
2018-12-31	$A$4.87 B	3.09%
2017-12-31	$A$4.72 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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Universal Music Group (UMG.AS) - Net assets