Remitly (RELY) - Net Assets

Net assets on the balance sheet as of September 2024 : A$1.00 Billion

According to Remitly's latest financial reports the company has A$1.00 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Remitly - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$A$0.77 B	10.13%
2022-12-31	$A$0.70 B	6.48%
2021-12-31	$A$0.66 B	188.84%
2020-12-31	$A$0.22 B	38.36%
2019-12-31	$A$0.16 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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Remitly (RELY) - Net assets