RingCentral (RNG) - Net Assets

Net assets on the balance sheet as of June 2024 : -A$0.8 B

According to RingCentral 's latest financial reports the company has -A$0.8 B 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 B	3.98%
2022-12-31	$-A$0.71 B	-252.18%
2021-12-31	$A$0.46 B	15.05%
2020-12-31	$A$0.40 B	-61.8%
2019-12-31	$A$1.06 B	135.37%
2018-12-31	$A$0.45 B	54.09%
2017-12-31	$A$0.29 B	62.13%
2016-12-31	$A$0.18 B	19.32%
2015-12-31	$A$0.15 B	28.47%
2014-12-31	$A$0.11 B	65.27%
2013-12-31	$A$71.2 M	103886.56%
2012-12-31	$A$0.06 M	-95.16%
2011-12-31	$A$1.41 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
8x8 EGHT	A$0.15 B	-119.80%	🇺🇸 USA
Amazon AMZN	A$354.64 B	-44,860.01%	🇺🇸 USA
Akamai AKAM	A$7.13 B	-1,000.07%	🇺🇸 USA
AT&T T	A$181.97 B	-23,066.94%	🇺🇸 USA
Microsoft MSFT	A$402.68 B	-50,923.37%	🇺🇸 USA
Cisco CSCO	A$68.18 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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RingCentral (RNG) - Net assets

Net assets on the balance sheet as of June 2024 : -A$0.8 B