Hanover Bancorp (HNVR)

Net assets on the balance sheet as of June 2024 : HK$1.47 Billion

According to Hanover Bancorp's latest financial reports the company has HK$1.47 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Hanover Bancorp - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2023-09-30	$HK$1.45 B	7.47%
2022-09-30	$HK$1.35 B	42.02%
2021-09-30	$HK$0.95 B	57.71%
2020-09-30	$HK$0.60 B

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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Hanover Bancorp (HNVR) - Net assets