Locafy (LCFY) - Net Assets

Net assets on the balance sheet as of March 2024 : £1.98 Million

According to Locafy's latest financial reports the company has £1.98 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Locafy - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2023-06-30	$£2.61 M	-9.78%
2022-06-30	$£2.9 M	-740.01%
2021-06-30	$-£0.46 Million	-62.45%
2020-06-30	$-£1.21 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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Locafy (LCFY) - Net assets