ParaZero Technologies (PRZO)

Net assets on the balance sheet as of December 2023 : HK$47.52 Million

According to ParaZero Technologies's latest financial reports the company has HK$47.52 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

ParaZero Technologies - Net assets on balance sheet (from 2021 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$-HK$12.83 Million	-75.13%
2021-12-31	$-HK$51.6 Million	10.9%
2020-12-31	$-HK$46.53 Million

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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ParaZero Technologies (PRZO) - Net assets