RingCentral (RNG) - Net assets

Net assets on the balance sheet as of June 2024 : -A$0.81 Billion

According to RingCentral 's latest financial reports the company has -A$0.81 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

RingCentral - Net assets on balance sheet (from 2012 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$-A$0.74 Billion	3.98%
2022-12-31	$-A$0.71 Billion	-251.74%
2021-12-31	$A$0.46 B	15.14%
2020-12-31	$A$0.40 B	-61.87%
2019-12-31	$A$1.06 B	136.24%
2018-12-31	$A$0.45 B	54.14%
2017-12-31	$A$0.29 B	62.13%
2016-12-31	$A$0.18 B	19.33%
2015-12-31	$A$0.15 B	28.2%
2014-12-31	$A$0.11 B	65.6%
2013-12-31	$A$71.2 M	104122.35%
2012-12-31	$A$0.06 M	-95.18%
2011-12-31	$A$1.41 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
8x8 EGHT	A$0.16 B	-120.79%	🇺🇸 USA
Amazon AMZN	A$396.60 B	-49,157.94%	🇺🇸 USA
Akamai AKAM	A$7.27 B	-1,000.07%	🇺🇸 USA
AT&T T	A$180.98 B	-22,486.92%	🇺🇸 USA
Microsoft MSFT	A$440.33 B	-54,566.69%	🇺🇸 USA
Cisco CSCO	A$69.56 B	-8,705.12%	🇺🇸 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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