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 working capital position of Forth Smart Service Public Company Limit to evaluate short-term liquidity relative to the company's equity base.
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. See FSMART defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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 market cap of Forth Smart Service Public Company Limit.
| 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 | — |