Ethernity Networks Ltd (ENET) — Tangible Net Worth Ratio
Ethernity Networks Ltd (ENET) has a Tangible Net Worth Ratio of -485.4% as of June 2025. This metric is calculated by deducting intangible assets (GBX2.23 Million) from net assets (GBX381.34K) 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 ENET current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Ethernity Networks Ltd Tangible Net Worth Ratio (2016–2024)
This chart shows how Ethernity Networks Ltd's Tangible Net Worth Ratio has changed across 9 annual periods from 2016 to 2024. As of June 2025, the ratio stands at -485.4%, reflecting net assets of GBX381.34K with intangible assets of GBX2.23 Million GBX. See ENET defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Ethernity Networks Ltd (2016–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Ethernity Networks 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 Ethernity Networks Ltd market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | -29.0% | GBX2.74 Million | GBX3.54 Million | GBX5.88 Million | ▼ -52.9 pp |
| 2023 | 23.9% | GBX5.92 Million | GBX4.50 Million | GBX9.68 Million | ▲ +21.9 pp |
| 2022 | 2.1% | GBX5.58 Million | GBX5.46 Million | GBX12.26 Million | ▼ -48.3 pp |
| 2021 | 50.4% | GBX12.96 Million | GBX6.42 Million | GBX19.41 Million | ▲ +33.1 pp |
| 2020 | 17.3% | GBX8.93 Million | GBX7.39 Million | GBX12.18 Million | ▼ -9.1 pp |
| 2019 | 26.4% | GBX11.46 Million | GBX8.44 Million | GBX14.23 Million | ▼ -32.0 pp |
| 2018 | 58.3% | GBX16.49 Million | GBX6.87 Million | GBX18.00 Million | ▼ -24.8 pp |
| 2017 | 83.2% | GBX18.85 Million | GBX3.17 Million | GBX20.03 Million | ▲ +176.2 pp |
| 2016 | -93.0% | GBX676.49K | GBX1.31 Million | GBX2.87 Million | — |