PaxMedica (PXMD) - Net Assets

Net assets on the balance sheet as of June 2024 : -NZ$3.1 Million

According to PaxMedica's latest financial reports the company has -NZ$3.1 Million 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$14.8 Million	130.71%
2020-12-31	$-NZ$6.42 Million	4294.9%
2019-12-31	$-NZ$0.15 Million	-3698.16%
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