Quoin Pharmaceuticals (QNRX)

Net assets on the balance sheet as of September 2024 : A$8.6 Million

According to Quoin Pharmaceuticals's latest financial reports the company has A$8.6 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

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

Net assets by year

Year	Net assets	Change
2022-12-31	$A$10.88 M	1100.99%
2021-12-31	$A$0.9 M	-110.55%
2020-12-31	$-A$8.6 Million

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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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Quoin Pharmaceuticals (QNRX) - Net assets