Quoin Pharmaceuticals (QNRX)

Net assets on the balance sheet as of June 2024 : HK$58.2 Million

According to Quoin Pharmaceuticals's latest financial reports the company has HK$58.2 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Quoin Pharmaceuticals - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$HK$57.87 M	1029.58%
2021-12-31	$HK$5.12 M	-110%
2020-12-31	$-HK$51.23 Million

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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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Quoin Pharmaceuticals (QNRX) - Net assets