X2M Connect Ltd (X2M) — Tangible Net Worth Ratio
X2M Connect Ltd (X2M) has a Tangible Net Worth Ratio of -721.9% as of June 2024. This metric is calculated by deducting intangible assets (AU$4.48 Million) from net assets (AU$544.90K) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore X2M Connect Ltd (X2M) net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
X2M Connect Ltd Tangible Net Worth Ratio (2021–2024)
This chart shows how X2M Connect Ltd's Tangible Net Worth Ratio has changed across 4 annual periods from 2021 to 2024. As of June 2024, the ratio stands at -721.9%, reflecting net assets of AU$544.90K with intangible assets of AU$4.48 Million AUD. Check how strategically is X2M Connect Ltd's equity deployed to assess the company's strategic physical and investment asset allocation.
Annual Tangible Net Worth Ratio for X2M Connect Ltd (2021–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for X2M Connect Ltd from 2021 to 2024, covering 4 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see X2M Connect Ltd (X2M) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (AUD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | -721.9% | AU$544.90K | AU$4.48 Million | AU$13.52 Million | ▲ +152.0 pp |
| 2023 | -873.9% | AU$405.25K | AU$3.95 Million | AU$14.18 Million | ▼ -774.9 pp |
| 2022 | -99.0% | AU$1.56 Million | AU$3.10 Million | AU$8.17 Million | ▲ +987.0 pp |
| 2021 | -1086.0% | AU$185.22K | AU$2.20 Million | AU$6.94 Million | — |