EngageSmart (ESMT) - Net assets

Net assets on the balance sheet as of September 2023 : A$1.18 Billion

According to EngageSmart's latest financial reports the company has A$1.18 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

EngageSmart - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$A$1.18 B	13.27%
2021-12-31	$A$1.04 B	87.33%
2020-12-31	$A$0.55 B	-9.17%
2019-12-31	$A$0.61 B

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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