LumiraDx (LMDX) - Net assets

Net assets on the balance sheet as of June 2023 : -NZ$0.36 Billion

According to LumiraDx's latest financial reports the company has -NZ$0.36 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	$-NZ$0.18 Billion	-174.17%
2021-12-31	$NZ$0.23 B	-145.78%
2020-12-31	$-NZ$0.53 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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