ESS Tech (GWH) - Net Assets

Net assets on the balance sheet as of September 2024 : HK$0.38 Billion

According to ESS Tech's latest financial reports the company has HK$0.38 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

ESS Tech - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$HK$0.80 B	-24.57%
2022-12-31	$HK$1.07 B	-33.1%
2021-12-31	$HK$1.59 B	-839.96%
2020-12-31	$-HK$0.22 Billion

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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ESS Tech (GWH) - Net assets