Velocity Financial (VEL)

Net assets on the balance sheet as of June 2024 : ₹40.07 Billion

According to Velocity Financial's latest financial reports the company has ₹40.07 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Velocity Financial - Net assets on balance sheet (from 2018 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$₹31.48 B	22.8%
2021-12-31	$₹25.64 B	59.66%
2020-12-31	$₹16.05 B	47.34%
2019-12-31	$₹10.89 B	13.95%
2018-12-31	$₹9.56 B	14.41%
2017-12-31	$₹8.36 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Onity Group OCN	₹36.47 B	-8.98%	🇺🇸 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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Velocity Financial (VEL) - Net assets

Net assets on the balance sheet as of June 2024 : ₹40.07 Billion