Fortescue (FMG.AX) - Net Assets

Net assets on the balance sheet as of June 2024 : $19.53 B

According to Fortescue's latest financial reports the company has $19.53 B in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Fortescue - Net assets on balance sheet (from 2022 to 2021)

Net assets by year

Year	Net assets	Change
2023-06-30	$$17.99 B	3.76%
2022-06-30	$$17.34 B	30.41%
2021-06-30	$$13.30 B	45.73%
2020-06-30	$$9.12 B	22.61%
2019-06-30	$$7.44 B	3.32%
2018-06-30	$$7.20 B	-3.6%
2017-06-30	$$7.47 B	19.74%
2016-06-30	$$6.24 B	7.39%
2015-06-30	$$5.81 B	-18.66%
2014-06-30	$$7.14 B	47.82%
2013-06-30	$$4.83 B	25.46%
2012-06-30	$$3.85 B	48.47%
2011-06-30	$$2.59 B	106.49%
2010-06-30	$$1.25 B	83.17%
2009-06-30	$$0.68 B	-145.73%
2008-06-30	$-$1.51 B	-520.75%
2007-06-30	$$0.35 B	251.62%
2006-06-30	$$0.10 B	96.75%
2005-06-30	$$51.54 M	658.93%
2004-06-30	$$6.79 M	221.78%
2003-06-30	$$2.11 M	154.41%
2002-06-30	$$0.82 M	31.43%
2001-06-30	$$0.63 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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Fortescue (FMG.AX) - Net assets