Fragbite Group (FRAG.ST)

Net assets on the balance sheet as of September 2024 : NZ$20.7 Million

According to Fragbite Group's latest financial reports the company has NZ$20.7 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Fragbite Group - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$NZ$24.46 M	-25.62%
2021-12-31	$NZ$32.89 M	187.24%
2020-12-31	$NZ$11.45 M	359.76%
2019-12-31	$NZ$2.49 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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Fragbite Group (FRAG.ST) - Net assets