Latin Resources (LRS.AX)

Net assets on the balance sheet as of December 2023 : £60.5 Million

According to Latin Resources's latest financial reports the company has £60.5 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Latin Resources - Net assets on balance sheet (from 2011 to 2023)

Net assets by year

Year	Net assets	Change
2023-12-31	$£61.72 M	116.99%
2022-12-31	$£28.44 M	299.01%
2021-12-31	$£7.12 M	14.57%
2020-12-31	$£6.22 M	-1681.66%
2019-12-31	$-£0.4 Million	-151.99%
2018-12-31	$£0.75 M	-74.64%
2017-12-31	$£2.98 M	38.6%
2016-12-31	$£2.15 M	-11.79%
2015-12-31	$£2.44 M	-59.46%
2014-12-31	$£6.01 M
2012-06-30	$£0.68 M	-70.45%
2011-06-30	$£2.3 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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Latin Resources (LRS.AX) - Net assets