Adagene (ADAG) - Net Assets

Net assets on the balance sheet as of December 2023 : £55.88 Million

According to Adagene's latest financial reports the company has £55.88 Million 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	$£68.68 M	-40.78%
2021-12-31	$£0.11 B	-276.86%
2020-12-31	$-£65.59 Million	50.85%
2019-12-31	$-£43.48 Million	34.51%
2018-12-31	$-£32.33 Million

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Novocure NVCR	£0.28 B	411.31%	Jersey
Novavax NVAX	-£0.35 Billion	-711.83%	🇺🇸 USA
Organovo ONVO	£5.27 M	-90.56%	🇺🇸 USA
Orchard Therapeutics ORTX	£63.56 M	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 : £55.88 Million