Latin Resources (LRS.AX)

Net assets on the balance sheet as of December 2023 : NZ$0.12 Billion

According to Latin Resources's latest financial reports the company has NZ$0.12 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Latin Resources - Net assets on balance sheet (from 2011 to 2023)

Net assets by year

Year	Net assets	Change
2023-12-31	$NZ$0.12 B	129.41%
2022-12-31	$NZ$54.2 M	284.73%
2021-12-31	$NZ$14.08 M	19.86%
2020-12-31	$NZ$11.75 M	-1634.58%
2019-12-31	$-NZ$0.77 Million	-153.49%
2018-12-31	$NZ$1.43 M	-74.78%
2017-12-31	$NZ$5.67 M	48.07%
2016-12-31	$NZ$3.83 M	-27.43%
2015-12-31	$NZ$5.28 M	-55.83%
2014-12-31	$NZ$11.96 M
2012-06-30	$NZ$1.33 M	-70.31%
2011-06-30	$NZ$4.48 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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Latin Resources (LRS.AX) - Net assets