EngageSmart (ESMT) - Net assets

Net assets on the balance sheet as of September 2023 : NZ$1.46 Billion

According to EngageSmart's latest financial reports the company has NZ$1.46 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	$NZ$1.26 B	14.39%
2021-12-31	$NZ$1.10 B	86.57%
2020-12-31	$NZ$0.59 B	-6.89%
2019-12-31	$NZ$0.63 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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