Quoin Pharmaceuticals (QNRX)

Net assets on the balance sheet as of September 2024 : NZ$9.61 Million

According to Quoin Pharmaceuticals's latest financial reports the company has NZ$9.61 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	$NZ$11.66 M	1112.79%
2021-12-31	$NZ$0.96 M	-110.5%
2020-12-31	$-NZ$9.16 Million

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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Quoin Pharmaceuticals (QNRX) - Net assets