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. See X2M working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
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. See X2M defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
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 the full company profile including market capitalisation, see market cap of X2M Connect Ltd.
| 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 | — |