Velocity Financial (VEL)

Net assets on the balance sheet as of June 2024 : HK$3.69 Billion

According to Velocity Financial's latest financial reports the company has HK$3.69 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	$HK$2.97 B	10.68%
2021-12-31	$HK$2.68 B	57.8%
2020-12-31	$HK$1.70 B	43.01%
2019-12-31	$HK$1.19 B	11.12%
2018-12-31	$HK$1.07 B	4.71%
2017-12-31	$HK$1.02 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Onity Group OCN	HK$3.36 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 : HK$3.69 Billion