Granite Ridge Resources (GRNT)

Net assets on the balance sheet as of June 2024 : $0.66 Billion USD

According to Granite Ridge Resources's latest financial reports the company has $0.66 Billion USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Granite Ridge Resources - Net assets on balance sheet (from 2022 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$$0.67 B	1.11%
2022-12-31	$$0.66 B	39.86%
2021-12-31	$$0.47 B	1330.11%
2020-12-31	$$33.2 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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Granite Ridge Resources (GRNT) - Net assets