Phoenix Motor (PEV) - Net Assets

Net assets on the balance sheet as of June 2024 : $21.85 Million USD

According to Phoenix Motor's latest financial reports the company has $21.85 Million USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Phoenix Motor - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$$12.28 M	20.08%
2021-12-31	$$10.22 M	-58.74%
2020-12-31	$$24.79 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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Phoenix Motor (PEV) - Net assets