Changhae Ethanol Co. Ltd (004650) — Tangible Net Worth Ratio
Changhae Ethanol Co. Ltd (004650) has a Tangible Net Worth Ratio of 99.8% as of March 2026. This metric is calculated by deducting intangible assets (₩303.11 Million) from net assets (₩144.53 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 004650 book value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Changhae Ethanol Co. Ltd Tangible Net Worth Ratio (2014–2025)
This chart shows how Changhae Ethanol Co. Ltd's Tangible Net Worth Ratio has changed across 12 annual periods from 2014 to 2025. As of March 2026, the ratio stands at 99.8%, reflecting net assets of ₩144.53 Billion with intangible assets of ₩303.11 Million KRW. Also explore 004650 net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Changhae Ethanol Co. Ltd (2014–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Changhae Ethanol Co. Ltd from 2014 to 2025, covering 12 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 004650 market cap overview.
| Year | Tangible NW Ratio | Net Assets (KRW) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.8% | ₩145.65 Billion | ₩303.22 Million | ₩194.59 Billion | ▲ +0.0 pp |
| 2024 | 99.8% | ₩133.08 Billion | ₩303.76 Million | ₩190.09 Billion | ▲ +0.0 pp |
| 2023 | 99.8% | ₩128.14 Billion | ₩303.04 Million | ₩191.47 Billion | ▼ 0.0 pp |
| 2022 | 99.8% | ₩131.95 Billion | ₩305.85 Million | ₩195.08 Billion | ▼ 0.0 pp |
| 2021 | 99.8% | ₩134.68 Billion | ₩310.30 Million | ₩190.02 Billion | ▲ +0.1 pp |
| 2020 | 99.7% | ₩130.90 Billion | ₩439.75 Million | ₩195.75 Billion | ▲ +0.0 pp |
| 2019 | 99.6% | ₩124.35 Billion | ₩451.31 Million | ₩193.04 Billion | ▲ +1.1 pp |
| 2018 | 98.6% | ₩105.87 Billion | ₩1.51 Billion | ₩365.40 Billion | ▲ +0.4 pp |
| 2017 | 98.2% | ₩109.16 Billion | ₩2.00 Billion | ₩383.13 Billion | ▲ +2.7 pp |
| 2016 | 95.4% | ₩110.41 Billion | ₩5.05 Billion | ₩399.50 Billion | ▲ +0.2 pp |
| 2015 | 95.2% | ₩115.16 Billion | ₩5.54 Billion | ₩343.67 Billion | ▼ -1.0 pp |
| 2014 | 96.2% | ₩146.03 Billion | ₩5.58 Billion | ₩311.31 Billion | — |