Fr8Tech (Freight Technologies) (FRGT)

Net assets on the balance sheet as of December 2023 : HK$20.42 Million

According to Fr8Tech (Freight Technologies)'s latest financial reports the company has HK$20.42 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Fr8Tech (Freight Technologies) - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$HK$24.46 M	-134.97%
2021-12-31	$-HK$69.96 Million	686.74%
2020-12-31	$-HK$8.9 Million	-84.43%
2019-12-31	$-HK$57.12 Million	87.68%
2018-12-31	$-HK$30.44 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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Fr8Tech (Freight Technologies) (FRGT) - Net assets