RingCentral (RNG) - Net assets

Net assets on the balance sheet as of June 2024 : -NZ$0.91 Billion

According to RingCentral 's latest financial reports the company has -NZ$0.91 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	$-NZ$0.8 Billion	4.51%
2022-12-31	$-NZ$0.77 Billion	-253.23%
2021-12-31	$NZ$0.49 B	14.68%
2020-12-31	$NZ$0.43 B	-60.92%
2019-12-31	$NZ$1.10 B	133.84%
2018-12-31	$NZ$0.47 B	47.27%
2017-12-31	$NZ$0.32 B	71.27%
2016-12-31	$NZ$0.18 B	16.67%
2015-12-31	$NZ$0.16 B	30.64%
2014-12-31	$NZ$0.12 B	59.36%
2013-12-31	$NZ$77.29 M	89453.42%
2012-12-31	$NZ$0.08 M	-95.36%
2011-12-31	$NZ$1.86 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
8x8 EGHT	NZ$0.18 B	-120.79%	🇺🇸 USA
Amazon AMZN	NZ$442.13 B	-49,157.94%	🇺🇸 USA
Akamai AKAM	NZ$8.11 B	-1,000.07%	🇺🇸 USA
AT&T T	NZ$201.76 B	-22,486.92%	🇺🇸 USA
Microsoft MSFT	NZ$490.88 B	-54,566.69%	🇺🇸 USA
Cisco CSCO	NZ$77.55 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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