Rent the Runway (RENT)

Net assets on the balance sheet as of July 2024 : -NZ$0.27 Billion

According to Rent the Runway's latest financial reports the company has -NZ$0.27 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	$-NZ$54.57 Million	-150.29%
2022-01-31	$NZ$0.10 B	-114.9%
2021-01-31	$-NZ$0.73 Billion	29.64%
2020-01-31	$-NZ$0.57 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