SIMPPLE (SPPL) - Net Assets

Net assets on the balance sheet as of December 2022 : HK$1.87 Million

According to SIMPPLE's latest financial reports the company has HK$1.87 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

SIMPPLE - Net assets on balance sheet (from 2021 to 2022)

Net assets by year

Year	Net assets	Change
2022-12-31	$HK$1.88 M	-136.7%
2021-12-31	$-HK$5.14 Million	-48.66%
2020-12-31	$-HK$10 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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SIMPPLE (SPPL) - Net assets