PaxMedica (PXMD) - Net Assets

Net assets on the balance sheet as of June 2024 : -HK$14.04 Million

According to PaxMedica's latest financial reports the company has -HK$14.04 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	$HK$26.43 M	3010.01%
2022-12-31	$HK$0.85 M	-101.08%
2021-12-31	$-HK$78.83 Million	119.68%
2020-12-31	$-HK$35.89 Million	4586.82%
2019-12-31	$-HK$0.77 Million	-3692.93%
2018-12-31	$HK$0.02 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