Erayak Power Solution (RAYA)

Net assets on the balance sheet as of December 2023 : C$27.4 M

According to Erayak Power Solution's latest financial reports the company has C$27.4 M in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Erayak Power Solution - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$C$26.24 M	200.84%
2021-12-31	$C$8.72 M	102.65%
2020-12-31	$C$4.3 M	242.59%
2019-12-31	$C$1.25 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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Erayak Power Solution (RAYA) - Net assets