ryde (RYDE) - Net Assets

Net assets on the balance sheet as of December 2023 : -S$7.6 Million

According to ryde's latest financial reports the company has -S$7.6 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

ryde - Net assets on balance sheet (from 2022 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$-S$7.7 Million	181.42%
2021-12-31	$-S$2.74 Million

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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ryde (RYDE) - Net assets