LumiraDx (LMDX) - Net assets

Net assets on the balance sheet as of June 2023 : -C$0.3 Billion

According to LumiraDx's latest financial reports the company has -C$0.3 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

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

Net assets by year

Year	Net assets	Change
2022-12-31	$-C$0.16 Billion	-173.41%
2021-12-31	$C$0.20 B	-143.31%
2020-12-31	$-C$0.48 Billion

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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