Urgent.ly Inc. (ULY)

Net assets on the balance sheet as of September 2024 : -HK$0.19 Billion

According to Urgent.ly Inc.'s latest financial reports the company has -HK$0.19 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Urgent.ly Inc. - Net assets on balance sheet (from 2022 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$HK$75 M	-105.3%
2022-12-31	$-HK$1.42 Billion	50.56%
2021-12-31	$-HK$0.95 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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Urgent.ly Inc. (ULY) - Net assets