Akanda (AKAN) - Net Assets

Net assets on the balance sheet as of December 2023 : -S$5.15 Million

According to Akanda's latest financial reports the company has -S$5.15 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Akanda - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$S$36.06 M	-1311.72%
2021-12-31	$-S$2.98 Million	-55.29%
2020-12-31	$-S$6.66 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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Akanda (AKAN) - Net assets