Remitly (RELY) - Net Assets

Net assets on the balance sheet as of September 2024 : £0.50 Billion

According to Remitly's latest financial reports the company has £0.50 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Remitly - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$£0.41 B	4.7%
2022-12-31	$£0.39 B	11.52%
2021-12-31	$£0.35 B	175%
2020-12-31	$£0.12 B	46.18%
2019-12-31	$£88.52 M

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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Remitly (RELY) - Net assets