PaxMedica (PXMD) - Net Assets

Net assets on the balance sheet as of March 2024 : NZ$1.92 M

According to PaxMedica's latest financial reports the company has NZ$1.92 M in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

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

Net assets by year

Year	Net assets	Change
2023-12-31	$NZ$5.35 M	3023.58%
2022-12-31	$NZ$0.17 M	-101.16%
2021-12-31	$-NZ$14.77 M	129.36%
2020-12-31	$-NZ$6.44 M	4316.34%
2019-12-31	$-NZ$0.15 M	-3694.01%
2018-12-31	$NZ$0 M

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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PaxMedica (PXMD) - Net assets