IDP Education (IEL.AX)

Net assets on the balance sheet as of June 2023 : A$0.51 B

According to IDP Education's latest financial reports the company has A$0.51 B in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

IDP Education - Net assets on balance sheet (from 2016 to 2023)

Net assets by year

Year	Net assets	Change
2023-06-30	$A$0.51 B	13.63%
2022-06-30	$A$0.45 B	17.36%
2021-06-30	$A$0.38 B	-1.25%
2020-06-30	$A$0.39 B	155.23%
2019-06-30	$A$0.15 B	51.99%
2018-06-30	$A$0.10 B	14.06%
2017-06-30	$A$88.8 M	11.96%
2016-06-30	$A$79.31 M	82.76%
2015-06-30	$A$43.4 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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IDP Education (IEL.AX) - Net assets