Satixfy Communications (SATX)

Net assets on the balance sheet as of September 2024 : -HK$0.72 Billion

According to Satixfy Communications's latest financial reports the company has -HK$0.72 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Satixfy Communications - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$-HK$0.46 Billion	85.83%
2022-12-31	$-HK$0.25 Billion	-15.25%
2021-12-31	$-HK$0.3 Billion	73.45%
2020-12-31	$-HK$0.17 Billion

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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Satixfy Communications (SATX) - Net assets