Rent the Runway (RENT)

Net assets on the balance sheet as of July 2024 : -HK$1.21 Billion

According to Rent the Runway's latest financial reports the company has -HK$1.21 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Rent the Runway - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2023-01-31	$-HK$0.28 Billion	-149.91%
2022-01-31	$HK$0.55 B	-113.57%
2021-01-31	$-HK$4.09 Billion	44.31%
2020-01-31	$-HK$2.83 Billion

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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Rent the Runway (RENT) - Net assets