HUB Cyber Security (HUBC)

Net assets on the balance sheet as of December 2023 : -$50.74 M

According to HUB Cyber Security's latest financial reports the company has -$50.74 M in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

HUB Cyber Security - Net assets on balance sheet (from 2022 to 2022)

Net assets by year

Year	Net assets	Change
2022-12-31	$$8.81 M	-58.42%
2021-12-31	$$21.18 M	9924.82%
2020-12-31	$$0.21 M	-87.7%
2019-12-31	$$1.71 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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HUB Cyber Security (HUBC) - Net assets