Rent the Runway (RENT)

Net assets on the balance sheet as of July 2024 : -A$0.25 Billion

According to Rent the Runway's latest financial reports the company has -A$0.25 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	$-A$50.02 Million	-149.23%
2022-01-31	$A$0.10 B	-114.74%
2021-01-31	$-A$0.69 Billion	26.91%
2020-01-31	$-A$0.55 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