Global Tax Free Co. Ltd (204620) — Tangible Net Worth Ratio
Global Tax Free Co. Ltd (204620) has a Tangible Net Worth Ratio of 100.0% as of September 2025. This metric is calculated by deducting intangible assets (₩0.00) from net assets (₩150.10 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 Global Tax Free Co. Ltd current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Global Tax Free Co. Ltd Tangible Net Worth Ratio (2016–2024)
This chart shows how Global Tax Free Co. Ltd's Tangible Net Worth Ratio has changed across 9 annual periods from 2016 to 2024. As of September 2025, the ratio stands at 100.0%, reflecting net assets of ₩150.10 Billion with intangible assets of ₩0.00 KRW. See defensive interval ratio of Global Tax Free Co. Ltd to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Global Tax Free Co. Ltd (2016–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Global Tax Free Co. Ltd from 2016 to 2024, covering 9 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 Global Tax Free Co. Ltd (204620) total market value.
| Year | Tangible NW Ratio | Net Assets (KRW) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 97.5% | ₩128.37 Billion | ₩3.18 Billion | ₩174.54 Billion | ▲ +0.7 pp |
| 2023 | 96.8% | ₩108.60 Billion | ₩3.49 Billion | ₩166.93 Billion | ▲ +6.2 pp |
| 2022 | 90.6% | ₩86.81 Billion | ₩8.16 Billion | ₩145.36 Billion | ▲ +3.2 pp |
| 2021 | 87.4% | ₩75.94 Billion | ₩9.60 Billion | ₩129.99 Billion | ▼ -2.4 pp |
| 2020 | 89.7% | ₩70.74 Billion | ₩7.26 Billion | ₩106.47 Billion | ▼ -2.1 pp |
| 2019 | 91.8% | ₩72.76 Billion | ₩5.96 Billion | ₩126.54 Billion | ▼ -2.7 pp |
| 2018 | 94.5% | ₩73.91 Billion | ₩4.07 Billion | ₩112.17 Billion | ▼ -1.1 pp |
| 2017 | 95.6% | ₩64.04 Billion | ₩2.81 Billion | ₩75.95 Billion | ▲ +19.0 pp |
| 2016 | 76.7% | ₩11.68 Billion | ₩2.72 Billion | ₩13.11 Billion | — |