Newegg (NEGG) - Net Assets

Net assets on the balance sheet as of December 2023 : HK$1.00 Billion

According to Newegg's latest financial reports the company has HK$1.00 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Newegg - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$HK$1.21 B	-14.67%
2021-12-31	$HK$1.42 B	43.81%
2020-12-31	$HK$0.98 B

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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Newegg (NEGG) - Net assets