RED LAKE GOLD INC. (P11A) — Tangible Net Worth Ratio
RED LAKE GOLD INC. (P11A) has a Tangible Net Worth Ratio of 100.0% as of February 2026. This metric is calculated by deducting intangible assets (€0.00) from net assets (€12.75K) 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. For live market cap and overall valuation, see P11A company net worth.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
RED LAKE GOLD INC. Tangible Net Worth Ratio (2021–2025)
This chart shows how RED LAKE GOLD INC.'s Tangible Net Worth Ratio has changed across 5 annual periods from 2021 to 2025. As of February 2026, the ratio stands at 100.0%, reflecting net assets of €12.75K with intangible assets of €0.00 EUR. Also explore net asset momentum of RED LAKE GOLD INC. to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for RED LAKE GOLD INC. (2021–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for RED LAKE GOLD INC. from 2021 to 2025, covering 5 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 P11A free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 100.0% | €37.88K | €0.00 | €63.37K | ▲ +0.0 pp |
| 2024 | 100.0% | €2.50 Million | €0.00 | €2.53 Million | ▲ +0.0 pp |
| 2023 | 100.0% | €2.02 Million | €0.00 | €2.04 Million | ▲ +0.0 pp |
| 2022 | 100.0% | €2.17 Million | €0.00 | €2.18 Million | ▲ +0.0 pp |
| 2021 | 100.0% | €2.09 Million | €0.00 | €2.11 Million | — |