PaxMedica (PXMD) - Net Assets

Net assets on the balance sheet as of June 2024 : -A$2.91 Million

According to PaxMedica's latest financial reports the company has -A$2.91 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

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

Net assets by year

Year	Net assets	Change
2023-12-31	$A$4.96 M	3007.64%
2022-12-31	$A$0.15 M	-101.15%
2021-12-31	$-A$13.95 Million	131.64%
2020-12-31	$-A$6.02 Million	4187.31%
2019-12-31	$-A$0.15 Million	-3735.04%
2018-12-31	$A$0 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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PaxMedica (PXMD) - Net assets