Praxis Precision Medicines (PRAX)

Net assets on the balance sheet as of June 2024 : A$0.62 B

According to Praxis Precision Medicines's latest financial reports the company has A$0.62 B in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Praxis Precision Medicines - Net assets on balance sheet (from 2019 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$A$0.10 B	-8.56%
2022-12-31	$A$0.11 B	-67.58%
2021-12-31	$A$0.34 B	-7.53%
2020-12-31	$A$0.37 B	553.75%
2019-12-31	$A$57.06 M	173.9%
2018-12-31	$A$20.83 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
ORIC Pharmaceuticals ORIC	A$0.45 B	-27.85%	🇺🇸 USA

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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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Praxis Precision Medicines (PRAX) - Net assets

Net assets on the balance sheet as of June 2024 : A$0.62 B