Algoma Steel (ASTL) - Net Assets

Net assets on the balance sheet as of September 2024 : NZ$1.86 Billion

According to Algoma Steel's latest financial reports the company has NZ$1.86 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

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

Net assets by year

Year	Net assets	Change
2023-03-31	$NZ$1.72 B	-5.18%
2022-03-31	$NZ$1.81 B	823.56%
2021-03-31	$NZ$0.19 B	-44.04%
2020-03-31	$NZ$0.35 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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Algoma Steel (ASTL) - Net assets