PaxMedica (PXMD) - Net Assets

Net assets on the balance sheet as of June 2024 : -C$2.61 Million

According to PaxMedica's latest financial reports the company has -C$2.61 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	$C$4.48 M	2941.12%
2022-12-31	$C$0.14 M	-101.15%
2021-12-31	$-C$12.89 Million	118.29%
2020-12-31	$-C$5.91 Million	4496.81%
2019-12-31	$-C$0.13 Million	-3563.79%
2018-12-31	$C$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