SCHMID Group (SHMD) - Net Assets

Net assets on the balance sheet as of December 2023 : -HK$0.16 Billion

According to SCHMID Group's latest financial reports the company has -HK$0.16 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

SCHMID Group - Net assets on balance sheet (from 2022 to 2023)

Net assets by year

Year	Net assets	Change
2023-12-31	$-HK$0.16 Billion	-66.16%
2022-12-31	$-HK$0.46 Billion	-12.65%
2021-12-31	$-HK$0.53 Billion	-27.53%
2020-12-31	$-HK$0.72 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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SCHMID Group (SHMD) - Net assets