Phoenix Motor (PEV) - Net Assets

Net assets on the balance sheet as of December 2023 : -C$6.57 M

According to Phoenix Motor's latest financial reports the company has -C$6.57 M in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Phoenix Motor - Net assets on balance sheet (from 2021 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$C$16.66 M	28.75%
2021-12-31	$C$12.94 M	-59.05%
2020-12-31	$C$31.61 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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Phoenix Motor (PEV) - Net assets