Forth Smart Service Public Company Limited (FSMART) — Tangible Net Worth Ratio
Forth Smart Service Public Company Limited (FSMART) has a Tangible Net Worth Ratio of 95.5% as of December 2025. This metric is calculated by deducting intangible assets (฿77.70 Million) from net assets (฿1.74 Billion) 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 Forth Smart Service Public Company Limit (FSMART) shareholders funds for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Forth Smart Service Public Company Limited Tangible Net Worth Ratio (2012–2025)
This chart shows how Forth Smart Service Public Company Limited's Tangible Net Worth Ratio has changed across 14 annual periods from 2012 to 2025. As of December 2025, the ratio stands at 95.5%, reflecting net assets of ฿1.74 Billion with intangible assets of ฿77.70 Million THB. Also explore Forth Smart Service Public Company Limit net asset momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Forth Smart Service Public Company Limited (2012–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Forth Smart Service Public Company Limited from 2012 to 2025, covering 14 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 Forth Smart Service Public Company Limit stock valuation.
| Year | Tangible NW Ratio | Net Assets (THB) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 95.5% | ฿1.74 Billion | ฿77.70 Million | ฿3.69 Billion | ▼ -0.4 pp |
| 2024 | 95.9% | ฿1.29 Billion | ฿52.54 Million | ฿3.29 Billion | ▲ +0.5 pp |
| 2023 | 95.5% | ฿1.17 Billion | ฿53.27 Million | ฿2.74 Billion | ▲ +1.4 pp |
| 2022 | 94.0% | ฿1.13 Billion | ฿67.27 Million | ฿2.83 Billion | ▼ -0.3 pp |
| 2021 | 94.3% | ฿1.13 Billion | ฿64.18 Million | ฿2.94 Billion | ▼ -0.1 pp |
| 2020 | 94.4% | ฿1.15 Billion | ฿64.80 Million | ฿3.45 Billion | ▼ -1.5 pp |
| 2019 | 95.8% | ฿1.34 Billion | ฿55.56 Million | ฿3.52 Billion | ▲ +0.5 pp |
| 2018 | 95.3% | ฿1.25 Billion | ฿58.54 Million | ฿3.92 Billion | ▼ -1.0 pp |
| 2017 | 96.3% | ฿1.33 Billion | ฿49.02 Million | ฿4.26 Billion | ▼ -1.3 pp |
| 2016 | 97.7% | ฿1.18 Billion | ฿27.60 Million | ฿3.18 Billion | ▼ -1.6 pp |
| 2015 | 99.3% | ฿1.02 Billion | ฿7.01 Million | ฿2.24 Billion | ▼ -0.5 pp |
| 2014 | 99.8% | ฿1.01 Billion | ฿1.82 Million | ฿1.78 Billion | ▲ +0.4 pp |
| 2013 | 99.4% | ฿369.20 Million | ฿2.15 Million | ฿1.13 Billion | ▲ +0.3 pp |
| 2012 | 99.1% | ฿248.55 Million | ฿2.16 Million | ฿914.88 Million | — |