Passage Bio (PASG) - Net Assets

Net assets on the balance sheet as of June 2024 : NZ$0.15 Billion

According to Passage Bio's latest financial reports the company has NZ$0.15 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Passage Bio - Net assets on balance sheet (from 2019 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$NZ$0.17 B	-44.52%
2022-12-31	$NZ$0.31 B	-32.02%
2021-12-31	$NZ$0.46 B	10.47%
2020-12-31	$NZ$0.42 B	-605.6%
2019-12-31	$-NZ$83.53 Million	360.26%
2018-12-31	$-NZ$18.15 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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Passage Bio (PASG) - Net assets