musicMagpie PLC (MMAG) — Tangible Net Worth Ratio
musicMagpie PLC (MMAG) has a Tangible Net Worth Ratio of -1.0% as of May 2024. This metric is calculated by deducting intangible assets (GBX9.47 Million) from net assets (GBX9.38 Million) 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 MMAG working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
musicMagpie PLC Tangible Net Worth Ratio (2016–2023)
This chart shows how musicMagpie PLC's Tangible Net Worth Ratio has changed across 6 annual periods from 2016 to 2023. As of May 2024, the ratio stands at -1.0%, reflecting net assets of GBX9.38 Million with intangible assets of GBX9.47 Million GBX. See operational self-sufficiency of musicMagpie PLC to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for musicMagpie PLC (2016–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for musicMagpie PLC from 2016 to 2023, covering 6 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 musicMagpie PLC market capitalisation.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 26.0% | GBX12.28 Million | GBX9.08 Million | GBX44.73 Million | ▼ -10.6 pp |
| 2022 | 36.7% | GBX19.54 Million | GBX12.38 Million | GBX47.65 Million | ▼ -23.5 pp |
| 2021 | 60.1% | GBX24.28 Million | GBX9.68 Million | GBX35.72 Million | ▲ +32.7 pp |
| 2020 | 27.4% | GBX2.42 Million | GBX1.76 Million | GBX28.39 Million | ▲ +506.4 pp |
| 2017 | -479.0% | GBX490.00K | GBX2.84 Million | GBX18.91 Million | ▼ -365.2 pp |
| 2016 | -113.8% | GBX1.50 Million | GBX3.20 Million | GBX18.37 Million | — |