Newsmax (NMAX) - Net Assets

Net assets on the balance sheet as of December 2024 : -C$12.9 Million

According to Newsmax's latest financial reports the company has -C$12.9 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Newsmax - Net assets on balance sheet (from 2023 to 2024)

Net assets by year

Year	Net assets	Change
2024-12-31	$-C$13.02 Million	-58.41%
2023-12-31	$-C$31.29 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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Newsmax (NMAX) - Net assets