G Medical Innovations (GMVD)

Net assets on the balance sheet as of December 2022 : -C$6.4 Million

According to G Medical Innovations's latest financial reports the company has -C$6.4 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

G Medical Innovations - Net assets on balance sheet (from 2017 to 2019)

Net assets by year

Year	Net assets	Change
2022-12-31	$-C$6.21 Million	73.08%
2021-12-31	$-C$3.59 Million	-4.69%
2020-12-31	$-C$3.77 Million	-58.36%
2019-12-31	$-C$9.04 Million	263.35%
2018-12-31	$-C$2.49 Million	-119.17%
2017-12-31	$C$12.96 M
2016-09-30	$C$6.38 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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G Medical Innovations (GMVD) - Net assets