Atlis Motor Vehicles (AMV) - Net assets

Net assets on the balance sheet as of December 2022 : -HK$70.44 Million

According to Atlis Motor Vehicles's latest financial reports the company has -HK$70.44 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Atlis Motor Vehicles - Net assets on balance sheet (from 2021 to 2022)

Net assets by year

Year	Net assets	Change
2022-12-31	$-HK$70.7 Million	-338.49%
2021-12-31	$HK$29.64 M	-566.47%
2020-12-31	$-HK$6.36 Million

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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