SolarMax Technology (SMXT)

Net assets on the balance sheet as of June 2024 : -NZ$4.8 Million

According to SolarMax Technology's latest financial reports the company has -NZ$4.8 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

SolarMax Technology - Net assets on balance sheet (from 2017 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$-NZ$25.53 Million	106.42%
2021-12-31	$-NZ$12.37 Million	64.11%
2020-12-31	$-NZ$7.54 Million
2018-12-31	$NZ$2.36 M	-84.83%
2017-12-31	$NZ$15.57 M	-37.07%
2016-12-31	$NZ$24.74 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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SolarMax Technology (SMXT) - Net assets