Locafy (LCFY) - Net Assets

Net assets on the balance sheet as of March 2024 : $2.52 Million USD

According to Locafy's latest financial reports the company has $2.52 Million USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Locafy - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2023-06-30	$$3.3 M	-6.19%
2022-06-30	$$3.52 M	-660.91%
2021-06-30	$-$0.63 Million	-57.78%
2020-06-30	$-$1.49 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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Locafy (LCFY) - Net assets