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
A 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 08Remitly Global: Time To Get Upbeat
Aug 28Remitly Global acquires Israeli-based Rewire for $80M
Aug 16Financial 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.