Hour Loop (HOUR) - Net Assets

Net assets on the balance sheet as of September 2024 : HK$51.97 Million

According to Hour Loop's latest financial reports the company has HK$51.97 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Hour Loop - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$HK$53.38 M	157.93%
2021-12-31	$HK$20.69 M	-36.05%
2020-12-31	$HK$32.36 M	1070.03%
2019-12-31	$HK$2.76 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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Hour Loop (HOUR) - Net assets