Rackspace Technology (RXT)

Net assets on the balance sheet as of June 2024 : -A$1.14 B

According to Rackspace Technology's latest financial reports the company has -A$1.14 B in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Rackspace Technology - Net assets on balance sheet (from 2019 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$A$0.92 B	-49.33%
2021-12-31	$A$1.82 B	1.66%
2020-12-31	$A$1.79 B	40.44%
2019-12-31	$A$1.27 B	-0.74%
2018-12-31	$A$1.28 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
PFSweb PFSW	A$0.12 B	-111.29%	🇺🇸 USA

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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Rackspace Technology (RXT) - Net assets

Net assets on the balance sheet as of June 2024 : -A$1.14 B