LumiraDx (LMDX) - Net assets

Net assets on the balance sheet as of June 2023 : -HK$1.68 Billion

According to LumiraDx's latest financial reports the company has -HK$1.68 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

LumiraDx - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$-HK$0.88 Billion	-169.08%
2021-12-31	$HK$1.26 B	-143.59%
2020-12-31	$-HK$2.91 Billion

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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