Remitly Global Balance Sheet Health
Financial Health criteria checks 4/6
Remitly Global has a total shareholder equity of $529.3M and total debt of $132.5M, which brings its debt-to-equity ratio to 25%. Its total assets and total liabilities are $1.0B and $507.0M respectively.
Key information
25.0%
Debt to equity ratio
US$132.48m
Debt
| Interest coverage ratio | n/a |
| Cash | US$323.71m |
| Equity | US$529.34m |
| Total liabilities | US$506.97m |
| Total assets | US$1.04b |
Recent financial health updates
We're Hopeful That Remitly Global (NASDAQ:RELY) Will Use Its Cash Wisely
Oct 23
Companies Like Remitly Global (NASDAQ:RELY) Can Afford To Invest In Growth
Jun 13Remitly Global (NASDAQ:RELY) Is In A Strong Position To Grow Its Business
Dec 23Recent updates
Remitly: An Interesting Growth Play Is Awaiting Operating Leverage
Apr 22Remitly Global, Inc. (NASDAQ:RELY) Analysts Are Pretty Bullish On The Stock After Recent Results
Feb 24Remitly Global, Inc. (NASDAQ:RELY) Not Lagging Industry On Growth Or Pricing
Feb 13Buy Remitly As Fears Around Marketing Spend Are Unfounded
Jan 30Remitly Global, Inc. (NASDAQ:RELY) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless
Nov 05We're Hopeful That Remitly Global (NASDAQ:RELY) Will Use Its Cash Wisely
Oct 23Remitly Global Grows Revenue But Operating Losses Worsen
Oct 08Remitly Global: Time To Get Upbeat
Aug 28Remitly Global acquires Israeli-based Rewire for $80M
Aug 16Companies Like Remitly Global (NASDAQ:RELY) Can Afford To Invest In Growth
Jun 13Analysts Have Been Trimming Their Remitly Global, Inc. (NASDAQ:RELY) Price Target After Its Latest Report
May 08Remitly: Recovery Is On The Horizon
Apr 10Remitly Global (NASDAQ:RELY) Is In A Strong Position To Grow Its Business
Dec 23Remitly Is A Lesser-Known Play On Global Payment Apps
Dec 20Remitly Global: Transferring Wealth
Sep 27Financial Position Analysis
Short Term Liabilities: RELY's short term assets ($932.1M) exceed its short term liabilities ($366.8M).
Long Term Liabilities: RELY's short term assets ($932.1M) exceed its long term liabilities ($140.1M).
Debt to Equity History and Analysis
Debt Level: RELY has more cash than its total debt.
Reducing Debt: Insufficient data to determine if RELY's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: RELY has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RELY has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.