SolarMax Technology (SMXT)

Net assets on the balance sheet as of June 2024 : -C$3.94 Million

According to SolarMax Technology's latest financial reports the company has -C$3.94 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

SolarMax Technology - Net assets on balance sheet (from 2017 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$-C$22 Million	104.29%
2021-12-31	$-C$10.77 Million	55.27%
2020-12-31	$-C$6.94 Million
2018-12-31	$C$2.15 M	-84.47%
2017-12-31	$C$13.9 M	-39.64%
2016-12-31	$C$23.03 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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SolarMax Technology (SMXT) - Net assets