Phoenix Motor (PEV) - Net Assets

Net assets on the balance sheet as of December 2023 : -S$6.31 M

According to Phoenix Motor's latest financial reports the company has -S$6.31 M 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 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$S$16.46 M	19.37%
2021-12-31	$S$13.79 M	-57.91%
2020-12-31	$S$32.77 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