Adagene (ADAG) - Net Assets

Net assets on the balance sheet as of December 2023 : ₹5.98 Billion

According to Adagene's latest financial reports the company has ₹5.98 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Adagene - Net assets on balance sheet (from 2019 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$₹6.87 B	-41%
2021-12-31	$₹11.65 B	-278.25%
2020-12-31	$-₹6.54 Billion	60.81%
2019-12-31	$-₹4.07 Billion	41.72%
2018-12-31	$-₹2.87 Billion

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Novocure NVCR	₹30.61 B	411.31%	Jersey
Novavax NVAX	-₹44.67 Billion	-846.09%	🇺🇸 USA
Organovo ONVO	₹0.31 B	-94.78%	🇺🇸 USA
Orchard Therapeutics ORTX	₹6.80 B	13.75%	🇬🇧 UK

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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Adagene (ADAG) - Net assets

Net assets on the balance sheet as of December 2023 : ₹5.98 Billion