Companies by Tangible Net Worth Ratio
Proportion of net assets (equity) backed by tangible assets — excludes goodwill and intangible assets
Average Tangible NW Ratio
100.0%
Across companies on this page
Companies with Data
31,440
With positive equity and balance sheet data
Tangible Net Worth Ratio = (Net Assets − Intangible Assets) / Net Assets × 100
Measures the quality of equity by removing intangible assets (goodwill, patents, brand value). Companies with 100% have no intangibles in their equity base; companies below 0% have intangibles exceeding their total equity. Only companies with positive net assets are included.
Measures the quality of equity by removing intangible assets (goodwill, patents, brand value). Companies with 100% have no intangibles in their equity base; companies below 0% have intangibles exceeding their total equity. Only companies with positive net assets are included.
| Rank | Company | Tangible NW Ratio | Net Assets | Intangible Assets | Country | As of |
|---|---|---|---|---|---|---|
| 2301 |
Gladstone Investment Corporation 8.00% Notes due 2028
NASDAQ:GAINL |
100.0% | $492.71 Million | $0.00 | USA | Mar 2024 |
| 2302 |
Aura Biosciences Inc
NASDAQ:AURA |
100.0% | $107.25 Million | $0.00 | USA | Mar 2026 |
| 2303 |
Alternative Investment Trust
AU:AIQ |
100.0% |
AU$55.75 Million
≈ $39.45 Million |
AU$0.00 | Australia | Jun 2025 |
| 2304 |
Radius Gold Inc.
V:RDU |
100.0% |
CA$1.95 Million
≈ $1.41 Million |
CA$0.00 | Canada | Sep 2025 |
| 2305 |
Heliostar Metals Ltd
V:HSTR |
100.0% |
CA$80.44 Million
≈ $58.19 Million |
CA$0.00 | Canada | Dec 2025 |
| 2306 |
Agronomics Ltd
LSE:ANIC |
100.0% |
GBX124.52 Million
≈ $15.15K |
GBX0.00 | UK | Jun 2025 |
| 2307 |
01 Communique Laboratory Inc
V:ONE |
100.0% |
CA$3.30 Million
≈ $2.39 Million |
CA$0.00 | Canada | Jan 2026 |
| 2308 |
VH Global Sustainable Energy Opportunities PLC
LSE:GSEO |
100.0% |
GBX399.38 Million
≈ $48.59K |
GBX0.00 | UK | Jun 2025 |
| 2309 |
Canyon Resources Ltd
AU:CAY |
100.0% |
AU$45.06 Million
≈ $31.88 Million |
AU$0.00 | Australia | Jun 2025 |
| 2310 |
Sri Adhikari Brothers Television Network Limited
NSE:SABTNL |
100.0% |
Rs8.35 Million
≈ $90.26K |
Rs0.00 | India | Sep 2025 |
| 2311 |
Precision Wires India Limited
NSE:PRECWIRE |
100.0% |
Rs6.61 Billion
≈ $71.52 Million |
Rs0.00 | India | Sep 2025 |
| 2312 |
Osia Hyper Retail Limited
NSE:OSIAHYPER |
100.0% |
Rs4.32 Billion
≈ $46.68 Million |
Rs0.00 | India | Sep 2025 |
| 2313 |
Mastersystem Infotama Tbk.
JK:MSTI |
100.0% |
Rp2.40 Trillion
≈ $140.75 Million |
Rp0.00 | Indonesia | Mar 2026 |
| 2314 |
STEEL EXCHANGE INDIA LIMITED
NSE:STEELXIND |
100.0% |
Rs7.68 Billion
≈ $83.04 Million |
Rs0.00 | India | Mar 2026 |
| 2315 |
Spyre Therapeutics Inc.
NASDAQ:SYRE |
100.0% | $1.10 Billion | $0.00 | USA | Jun 2026 |
| 2316 |
SenesTech Inc
NASDAQ:SNES |
100.0% | $11.35 Million | $0.00 | USA | Sep 2025 |
| 2317 |
Addcn Technology Co Ltd
TWO:5287 |
100.0% |
NT$2.27 Billion
≈ $71.39 Million |
NT$0.00 | Taiwan | Sep 2025 |
| 2318 |
Bawat Water Technologies AB
ST:BAWAT |
100.0% |
Skr1.46 Million
≈ $156.69K |
Skr0.00 | Sweden | Jun 2025 |
| 2319 |
Fortune Rise Acquisition Corp
NASDAQ:FRLA |
100.0% | $24.98 Million | $0.00 | USA | Sep 2024 |
| 2320 |
Spanish Mountain Gold Ltd
V:SPA |
100.0% |
CA$110.27 Million
≈ $79.77 Million |
CA$0.00 | Canada | Sep 2025 |
| 2321 |
Malin Corporation plc
IR:MLC |
100.0% |
€193.20 Million
≈ $225.87 Million |
€0.00 | Ireland | Dec 2024 |
| 2322 |
Eaton Vance Senior Income Closed Fund
NYSE:EVF |
100.0% | $143.93 Million | $0.00 | USA | Dec 2025 |
| 2323 |
Chih Lien Industrial Co Ltd
TW:2024 |
100.0% |
NT$1.13 Billion
≈ $35.61 Million |
NT$0.00 | Taiwan | Mar 2026 |
| 2324 |
Dadi Early-Childhood Education Group Ltd
TWO:8437 |
100.0% |
NT$2.33 Billion
≈ $73.43 Million |
NT$0.00 | Taiwan | Dec 2025 |
| 2325 |
Heavy Minerals Ltd
AU:HVY |
100.0% |
AU$2.37 Million
≈ $1.68 Million |
AU$0.00 | Australia | Dec 2025 |
| 2326 |
RightBridge Ventures Group AB
ST:RIGHTB |
100.0% |
Skr43.84 Million
≈ $4.72 Million |
Skr0.00 | Sweden | Sep 2023 |
| 2327 |
Envirotech Vehicles Inc
NASDAQ:EVTV |
100.0% | $1.86 Million | $0.00 | USA | Sep 2025 |
| 2328 |
Aztec Minerals Corp
V:AZT |
100.0% |
CA$25.34 Million
≈ $18.33 Million |
CA$0.00 | Canada | Mar 2026 |
| 2329 |
Lisata Therapeutics Inc.
NASDAQ:LSTA |
100.0% | $7.99 Million | $0.00 | USA | Jun 2026 |
| 2330 |
Magna Finance Tbk
JK:MGNA |
100.0% |
Rp37.77 Billion
≈ $2.21 Million |
Rp0.00 | Indonesia | Jun 2025 |
| 2331 |
Vera Bradley Inc
NASDAQ:VRA |
100.0% | $128.06 Million | $0.00 | USA | Aug 2025 |
| 2332 |
Perak Transit Bhd
KLSE:0186 |
100.0% |
RM880.16 Million
≈ $220.98 Million |
RM0.00 | Malaysia | Mar 2026 |
| 2333 |
Connection Technology Systems
TWO:3672 |
100.0% |
NT$327.80 Million
≈ $10.33 Million |
NT$0.00 | Taiwan | Dec 2025 |
| 2334 |
Trive Property Group Bhd
KLSE:0118 |
100.0% |
RM115.78 Million
≈ $29.07 Million |
RM0.00 | Malaysia | Jul 2025 |
| 2335 |
Fidelity China Special Situations PLC
LSE:FCSS |
100.0% |
GBX1.74 Billion
≈ $211.92K |
GBX0.00 | UK | Sep 2025 |
| 2336 |
Clarke Inc.
TO:CKI |
100.0% |
CA$285.46 Million
≈ $206.50 Million |
CA$0.00 | Canada | Mar 2026 |
| 2337 |
Azaria Rental SOCIMI S.A.
MC:YAZR |
100.0% |
€43.74 Million
≈ $51.13 Million |
€0.00 | Spain | Dec 2022 |
| 2338 |
Minaurum Silver Inc.
V:MGG |
100.0% |
CA$10.43 Million
≈ $7.55 Million |
CA$0.00 | Canada | Oct 2025 |
| 2339 |
MFF Capital Investments Ltd
AU:MFF |
100.0% |
AU$2.61 Billion
≈ $1.85 Billion |
AU$0.00 | Australia | Dec 2025 |
| 2340 |
GQG Partners Inc
AU:GQG |
100.0% |
AU$443.11 Million
≈ $313.53 Million |
AU$0.00 | Australia | Dec 2025 |
| 2341 |
Borneo Oil Bhd
KLSE:7036 |
100.0% |
RM648.77 Million
≈ $162.88 Million |
RM0.00 | Malaysia | Jul 2025 |
| 2342 |
Kim Hin Joo
KLSE:0210 |
100.0% |
RM68.01 Million
≈ $17.08 Million |
RM0.00 | Malaysia | Dec 2025 |
| 2343 |
Tugcelik Aluminyum ve Metal
IS:TUCLK |
100.0% |
TL3.26 Billion
≈ $73.02 Million |
TL0.00 | Turkey | Sep 2025 |
| 2344 |
Mercal Inmuebles Socimi SA
MC:YMEI |
100.0% |
€26.68 Million
≈ $31.19 Million |
€0.00 | Spain | Dec 2024 |
| 2345 |
Kolibri Global Energy Inc
TO:KEI |
100.0% |
CA$201.20 Million
≈ $145.54 Million |
CA$0.00 | Canada | Sep 2025 |
| 2346 |
East West Bancorp Inc
NASDAQ:EWBC |
100.0% | $9.22 Billion | $0.00 | USA | Jun 2026 |
| 2347 |
Goenka Diamond and Jewels Limited
NSE:GOENKA |
100.0% |
Rs2.32 Billion
≈ $25.14 Million |
Rs0.00 | India | Mar 2026 |
| 2348 |
Recon Technology Ltd
NASDAQ:RCON |
100.0% | $451.07 Million | $0.00 | USA | Dec 2025 |
| 2349 |
Lyra Therapeutics Inc
NASDAQ:LYRA |
100.0% | $1.62 Million | $0.00 | USA | Jun 2025 |
| 2350 |
Archies Limited
NSE:ARCHIES |
100.0% |
Rs1.25 Billion
≈ $13.54 Million |
Rs0.00 | India | Mar 2026 |
| 2351 |
JCBNext Berhad Bhd
KLSE:0058 |
100.0% |
RM446.92 Million
≈ $112.21 Million |
RM0.00 | Malaysia | Mar 2026 |
| 2352 |
ACE LIBERTY+STONE LS -25
F:8MW |
100.0% Annual |
€31.73 Million
≈ $37.10 Million |
€0.00 | Germany | Apr 2024 |
| 2353 |
North-Star International Co Ltd
TWO:8927 |
100.0% |
NT$8.63 Billion
≈ $271.84 Million |
NT$0.00 | Taiwan | Mar 2026 |
| 2354 |
Photomyne Ltd
TA:PHTM |
100.0% |
ILA5.46 Million
≈ $14.63K |
ILA0.00 | Israel | Jun 2025 |
| 2355 |
Stern Groep N.V.
AS:PBH |
100.0% |
€15.58 Million
≈ $18.21 Million |
€0.00 | Netherlands | Dec 2025 |
| 2356 |
Pelikan International Corp
KLSE:5231 |
100.0% |
RM61.21 Million
≈ $15.37 Million |
RM0.00 | Malaysia | Mar 2026 |
| 2357 |
Cleghorn Minerals Ltd
V:CZZ |
100.0% |
CA$1.16 Million
≈ $835.57K |
CA$0.00 | Canada | Dec 2022 |
| 2358 |
ShaMaran Petroleum Corp
V:SNM |
100.0% |
CA$249.78 Million
≈ $180.68 Million |
CA$0.00 | Canada | Dec 2025 |
| 2359 |
Sky Energy Indonesia Tbk PT
JK:JSKY |
100.0% |
Rp108.94 Billion
≈ $6.38 Million |
Rp0.00 | Indonesia | Sep 2022 |
| 2360 |
Theriva Biologics Inc.
NYSE MKT:TOVX |
100.0% | $15.40 Million | $0.00 | USA | Mar 2026 |
| 2361 |
US Century Bank
NASDAQ:USCB |
100.0% | $223.25 Million | $0.00 | USA | Mar 2026 |
| 2362 |
Grupo Financiero Galicia S.A
F:GF4 |
100.0% |
€8.59 Trillion
≈ $10.04 Trillion |
€0.00 | Germany | Mar 2026 |
| 2363 |
BH Macro Limited
LSE:BHMU |
100.0% | $2.09 Billion | $0.00 | UK | Jun 2025 |
| 2364 |
Dalmia Bharat Sugar and Industries Limited
NSE:DALMIASUG |
100.0% |
Rs32.35 Billion
≈ $349.85 Million |
Rs0.00 | India | Mar 2026 |
| 2365 |
TMT Investments PLC
LSE:TMT |
100.0% | $213.88 Million | $0.00 | UK | Jun 2025 |
| 2366 |
IMMUNOCORE HLDGS ADS/1
F:6YG |
100.0% |
€381.03 Million
≈ $445.47 Million |
€0.00 | Germany | Dec 2025 |
| 2367 |
Red Star Macalline Group Corp Ltd Class A
SHG:601828 |
100.0% |
CN¥46.01 Billion
≈ $6.73 Billion |
CN¥0.00 | China | Sep 2025 |
| 2368 |
Dianthus Therapeutics Inc.
NASDAQ:DNTH |
100.0% | $1.17 Billion | $0.00 | USA | Jun 2026 |
| 2369 |
Corella Resources Ltd
AU:CR9 |
100.0% |
AU$3.06 Million
≈ $2.17 Million |
AU$0.00 | Australia | Jun 2025 |
| 2370 |
Eisen- und Hüttenwerke AG
F:EIS |
100.0% |
€186.33 Million
≈ $217.84 Million |
€0.00 | Germany | Sep 2025 |
| 2371 |
Bounty Oil & Gas NL
AU:BUY |
100.0% |
AU$3.77 Million
≈ $2.67 Million |
AU$0.00 | Australia | Dec 2025 |
| 2372 |
Binani Industries Limited
NSE:BINANIIND |
100.0% |
Rs5.19 Billion
≈ $56.15 Million |
Rs0.00 | India | Mar 2008 |
| 2373 |
NEW ZEALAND RURAL
F:8UK |
100.0% |
€235.20 Million
≈ $274.97 Million |
€0.00 | Germany | Dec 2025 |
| 2374 |
HELIX Resources Ltd
AU:HLX |
100.0% |
AU$21.35 Million
≈ $15.11 Million |
AU$0.00 | Australia | Dec 2025 |
| 2375 |
Kentucky First Federal Bancorp
NASDAQ:KFFB |
100.0% | $49.66 Million | $0.00 | USA | Mar 2026 |
| 2376 |
ADAGENE INC. SP.ADR
F:978 |
100.0% |
€35.35 Million
≈ $41.33 Million |
€0.00 | Germany | Dec 2025 |
| 2377 |
KR1 PLC LS -0019
F:K4H |
100.0% Annual |
€139.40 Million
≈ $162.98 Million |
€0.00 | Germany | Dec 2024 |
| 2378 |
Athabasca Oil Corp
TO:ATH |
100.0% |
CA$1.96 Billion
≈ $1.42 Billion |
CA$0.00 | Canada | Mar 2026 |
| 2379 |
EUROSEAS LTD DL -01
F:2LE1 |
100.0% |
€490.69 Million
≈ $573.67 Million |
€0.00 | Germany | Mar 2026 |
| 2380 |
Ostim Endustriyel Yatirimlar ve Isletme AS
IS:OSTIM |
100.0% |
TL2.74 Billion
≈ $61.26 Million |
TL0.00 | Turkey | Sep 2025 |
| 2381 |
Kalina Power Ltd
AU:KPO |
100.0% |
AU$13.90 Million
≈ $9.84 Million |
AU$0.00 | Australia | Dec 2025 |
| 2382 |
Reysas Gayrimenkul Yatirim Ortakligi AS
IS:RYGYO |
100.0% |
TL58.31 Billion
≈ $1.31 Billion |
TL0.00 | Turkey | Mar 2025 |
| 2383 |
Mitrabara Adiperdana PT
JK:MBAP |
100.0% |
Rp183.10 Million
≈ $10.73K |
Rp0.00 | Indonesia | Sep 2025 |
| 2384 |
SIRIUSPOINT LTD. DL-10
F:3XPA |
100.0% |
€2.47 Billion
≈ $2.89 Billion |
€0.00 | Germany | Dec 2025 |
| 2385 |
Simplex Infrastructures Limited
NSE:SIMPLEXINF |
100.0% |
Rs9.38 Billion
≈ $101.47 Million |
Rs0.00 | India | Sep 2025 |
| 2386 |
Value8 N.V
AS:VALUE |
100.0% |
€108.89 Million
≈ $127.30 Million |
€0.00 | Netherlands | Jun 2025 |
| 2387 |
Euro Manganese Inc
V:EMN |
100.0% |
CA$2.85 Million
≈ $2.06 Million |
CA$0.00 | Canada | Sep 2025 |
| 2388 |
Matrix Concepts Holdings Bhd
KLSE:5236 |
100.0% |
RM2.32 Billion
≈ $583.47 Million |
RM0.00 | Malaysia | Dec 2025 |
| 2389 |
BLD Plantation Bhd
KLSE:5069 |
100.0% |
RM837.63 Million
≈ $210.30 Million |
RM0.00 | Malaysia | Dec 2025 |
| 2390 |
Studsvik AB
ST:SVIK |
100.0% |
Skr387.00 Million
≈ $41.65 Million |
Skr0.00 | Sweden | Dec 2025 |
| 2391 |
Sysage Technology Co Ltd
TW:6112 |
100.0% |
NT$4.93 Billion
≈ $155.31 Million |
NT$0.00 | Taiwan | Jun 2025 |
| 2392 |
True North Commercial Real Estate Investment Trust
TO:TNT-UN |
100.0% |
CA$392.82 Million
≈ $284.16 Million |
CA$0.00 | Canada | Sep 2025 |
| 2393 |
Pandox AB (publ)
ST:PNDX-B |
100.0% |
Skr34.94 Billion
≈ $3.76 Billion |
Skr0.00 | Sweden | Mar 2026 |
| 2394 |
Idealist Gayrimenkul Yatirim Ortakligi AS
IS:IDGYO |
100.0% |
TL503.61 Million
≈ $11.28 Million |
TL0.00 | Turkey | Mar 2026 |
| 2395 |
Nestle India Limited
NSE:NESTLEIND |
100.0% |
Rs51.57 Billion
≈ $557.71 Million |
Rs0.00 | India | Mar 2026 |
| 2396 |
China Bills Finance Corp
TW:2820 |
100.0% |
NT$27.88 Billion
≈ $878.22 Million |
NT$0.00 | Taiwan | Mar 2026 |
| 2397 |
Vitreous Glass Inc
V:VCI |
100.0% |
CA$5.30 Million
≈ $3.83 Million |
CA$0.00 | Canada | Mar 2026 |
| 2398 |
PJBumi Bhd
KLSE:7163 |
100.0% |
RM23.26 Million
≈ $5.84 Million |
RM0.00 | Malaysia | Mar 2026 |
| 2399 |
Century Aluminum Company
NASDAQ:CENX |
100.0% | $1.53 Billion | $0.00 | USA | Jun 2026 |
| 2400 |
HCW Biologics Inc
NASDAQ:HCWB |
100.0% | $2.76 Million | $0.00 | USA | Dec 2025 |