How do you calculate liquid unrestricted net assets?

To calculate liquid unrestricted net assets, start with the total unrestricted net assets from the balance sheet and then subtract any restricted net assets and illiquid assets, such as property or equipment. Next, include only cash and cash-equivalents, marketable securities, and other liquid assets. The result will give you the amount of liquid unrestricted net assets available for operational flexibility or to cover short-term liabilities.