What is meant by the term "market capitalization"?

Market capitalization refers to the total market value of a company's outstanding shares. This measure is calculated by multiplying the current share price by the total number of outstanding shares. It provides investors with a quick way to assess the size and value of a company in the stock market. Market capitalization is often used as an indicator of a company’s financial strength and market position, offering insight into the market's perception of a company’s future growth potential.

The other concepts represented in the question relate to different financial metrics that do not capture the essence of market capitalization: total assets (which reflect the resources owned by a company), debt (indicating the financial obligations), and annual revenue (which addresses the income generated from operations). These metrics, while important for a comprehensive analysis of a company's financial health, do not directly pertain to the valuation represented by market capitalization.