Velocity Financial (VEL)

Net assets on the balance sheet as of June 2024 : A$0.73 Billion

According to Velocity Financial's latest financial reports the company has A$0.73 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	$A$0.55 B	17.67%
2021-12-31	$A$0.47 B	66.39%
2020-12-31	$A$0.28 B	30.82%
2019-12-31	$A$0.21 B	12.42%
2018-12-31	$A$0.19 B	15.78%
2017-12-31	$A$0.16 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Onity Group OCN	A$0.66 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 : A$0.73 Billion