Adagene (ADAG) - Net Assets

Net assets on the balance sheet as of December 2023 : $70.55 M

According to Adagene's latest financial reports the company has $70.55 M in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Adagene - Net assets on balance sheet (from 2019 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$$83.09 M	-46.93%
2021-12-31	$$0.15 B	-275.14%
2020-12-31	$-$89.39 M	56.8%
2019-12-31	$-$57.01 M	38.96%
2018-12-31	$-$41.03 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Novocure NVCR	$0.36 B	412.69%	Jersey
Novavax NVAX	-$0.44 B	-711.83%	🇺🇸 USA
Organovo ONVO	$3.6 M	-94.90%	🇺🇸 USA
Orchard Therapeutics ORTX	$80.25 M	13.75%	🇬🇧 UK

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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Adagene (ADAG) - Net assets

Net assets on the balance sheet as of December 2023 : $70.55 M