RingCentral (RNG) - Net assets

Net assets on the balance sheet as of June 2024 : -HK$4.12 Billion

According to RingCentral 's latest financial reports the company has -HK$4.12 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	$-HK$3.93 Billion	4.05%
2022-12-31	$-HK$3.78 Billion	-242.72%
2021-12-31	$HK$2.64 B	9.19%
2020-12-31	$HK$2.42 B	-58.32%
2019-12-31	$HK$5.80 B	133.5%
2018-12-31	$HK$2.48 B	39.41%
2017-12-31	$HK$1.78 B	76.92%
2016-12-31	$HK$1.00 B	18.14%
2015-12-31	$HK$0.85 B	14.04%
2014-12-31	$HK$0.74 B	51.98%
2013-12-31	$HK$0.49 B	89394.1%
2012-12-31	$HK$0.55 M	-95.12%
2011-12-31	$HK$11.27 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
8x8 EGHT	HK$0.85 B	-120.79%	🇺🇸 USA
Amazon AMZN	HK$2.016 T	-49,157.94%	🇺🇸 USA
Akamai AKAM	HK$36.99 B	-1,000.07%	🇺🇸 USA
AT&T T	HK$920.14 B	-22,486.92%	🇺🇸 USA
Microsoft MSFT	HK$2.238 T	-54,566.69%	🇺🇸 USA
Cisco CSCO	HK$353.68 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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