Globavend (GVH) - Net Assets

Net assets on the balance sheet as of September 2023 : NZ$0.85 Million

According to Globavend's latest financial reports the company has NZ$0.85 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Globavend - Net assets on balance sheet (from 2022 to 2023)

Net assets by year

Year	Net assets	Change
2023-09-30	$NZ$0.83 M	-46.5%
2022-09-30	$NZ$1.56 M	-31.02%
2021-09-30	$NZ$2.26 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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Globavend (GVH) - Net assets