IDP Education (IEL.AX)

Net assets on the balance sheet as of June 2023 : NZ$0.55 B

According to IDP Education's latest financial reports the company has NZ$0.55 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	$NZ$0.56 B	11.67%
2022-06-30	$NZ$0.50 B	20.83%
2021-06-30	$NZ$0.41 B	-0.81%
2020-06-30	$NZ$0.42 B	161.2%
2019-06-30	$NZ$0.16 B	45.24%
2018-06-30	$NZ$0.11 B	18.89%
2017-06-30	$NZ$93.12 M	12.35%
2016-06-30	$NZ$82.89 M	70.3%
2015-06-30	$NZ$48.67 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