RENFORTH RESS. INC. NEW (9RR) — Tangible Net Worth Ratio
RENFORTH RESS. INC. NEW (9RR) has a Tangible Net Worth Ratio of 100.0% as of December 2023. This metric is calculated by deducting intangible assets (€0.00) from net assets (€77.44K) 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 9RR shareholders equity momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
RENFORTH RESS. INC. NEW Tangible Net Worth Ratio (2021–2023)
This chart shows how RENFORTH RESS. INC. NEW's Tangible Net Worth Ratio has changed across 3 annual periods from 2021 to 2023. As of December 2023, the ratio stands at 100.0%, reflecting net assets of €77.44K with intangible assets of €0.00 EUR. For live market cap and overall valuation, see RENFORTH RESS. INC. NEW market capitalisation.
Annual Tangible Net Worth Ratio for RENFORTH RESS. INC. NEW (2021–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for RENFORTH RESS. INC. NEW from 2021 to 2023, covering 3 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. See 9RR free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 100.0% | €77.44K | €0.00 | €660.20K | ▲ +0.0 pp |
| 2022 | 100.0% | €1.91 Million | €0.00 | €2.67 Million | ▲ +0.0 pp |
| 2021 | 100.0% | €3.90 Million | €0.00 | €4.65 Million | — |