Adagene (ADAG) - Net Assets

Net assets on the balance sheet as of December 2023 : C$97.1 M

According to Adagene's latest financial reports the company has C$97.1 M in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Adagene - Net assets on balance sheet (from 2019 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$C$0.11 B	-43.49%
2021-12-31	$C$0.19 B	-275.05%
2020-12-31	$-C$0.12 B	53.08%
2019-12-31	$-C$74.46 M	33.23%
2018-12-31	$-C$55.89 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Novocure NVCR	C$0.49 B	412.69%	Jersey
Novavax NVAX	-C$0.6 B	-711.83%	🇺🇸 USA
Organovo ONVO	C$9.16 M	-90.56%	🇺🇸 USA
Orchard Therapeutics ORTX	C$0.11 B	13.75%	🇬🇧 UK

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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Adagene (ADAG) - Net assets

Net assets on the balance sheet as of December 2023 : C$97.1 M