Remitly Global Balance Sheet Health
Financial Health criteria checks 5/6
Remitly Global has a total shareholder equity of $630.8M and total debt of $2.4M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are $970.4M and $339.6M respectively.
Key information
0.4%
Debt to equity ratio
US$2.43m
Debt
| Interest coverage ratio | n/a |
| Cash | US$324.43m |
| Equity | US$630.82m |
| Total liabilities | US$339.61m |
| Total assets | US$970.43m |
Recent financial health updates
Recent updates
Remitly Global: I Expect Consistent Profitability Going Forward
Jan 15Remitly: Interesting Small-Cap With Large TAM But Lots Of Competition
Dec 22Remitly: Remittances Play Might Pay Off
Nov 18A Piece Of The Puzzle Missing From Remitly Global, Inc.'s (NASDAQ:RELY) 38% Share Price Climb
Nov 02
Remitly Faces Softening Global Macro Conditions (Rating Downgrade)
Sep 06Fewer Investors Than Expected Jumping On Remitly Global, Inc. (NASDAQ:RELY)
Aug 28Remitly Global: Solid Macro Tailwinds And Track Record Of Growth
Jun 28Slammed 26% Remitly Global, Inc. (NASDAQ:RELY) Screens Well Here But There Might Be A Catch
May 03Remitly: 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 08Financial Position Analysis
Short Term Liabilities: RELY's short term assets ($861.3M) exceed its short term liabilities ($324.1M).
Long Term Liabilities: RELY's short term assets ($861.3M) exceed its long term liabilities ($15.5M).
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: Whilst unprofitable RELY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RELY is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 6.8% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/30 09:29 |
| End of Day Share Price | 2025/01/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Remitly Global, Inc. is covered by 11 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ramsey El-Assal | Barclays |
| Rufus Hone | BMO Capital Markets Equity Research |
| Andrew Schmidt | Citigroup Inc |