Pardes Biosciences (PRDS) - Net assets

Net assets on the balance sheet as of June 2023 : HK$1.21 Billion

According to Pardes Biosciences's latest financial reports the company has HK$1.21 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Pardes Biosciences - Net assets on balance sheet (from 2021 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$HK$1.40 B	-32.2%
2021-12-31	$HK$2.07 B	-2159.46%
2020-12-31	$-HK$0.11 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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