SolarMax Technology (SMXT)

Net assets on the balance sheet as of June 2024 : -C$3.82 M

According to SolarMax Technology's latest financial reports the company has -C$3.82 M 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 M	105.72%
2021-12-31	$-C$10.7 M	54.17%
2020-12-31	$-C$6.94 M
2018-12-31	$C$2.16 M	-84.45%
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