New Found Gold (NFGC)

Net assets on the balance sheet as of June 2024 : HK$0.38 Billion

According to New Found Gold's latest financial reports the company has HK$0.38 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

New Found Gold - Net assets on balance sheet (from 2019 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$HK$0.48 B	-35.95%
2021-12-31	$HK$0.75 B	69.31%
2020-12-31	$HK$0.44 B	729.37%
2019-12-31	$HK$53.44 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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New Found Gold (NFGC) - Net assets