musicMagpie PLC Tangible Net Worth Ratio
musicMagpie PLC 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. Check MMAG PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of musicMagpie PLC (2016–2023)
Tangible net worth ratio of musicMagpie PLC from 2016 to 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 MMAG current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
musicMagpie PLC Tangible Net Worth Ratio by Year (2016–2023)
musicMagpie PLC tangible net worth ratio by year from 2016 to 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 live market cap and overall valuation, see musicMagpie PLC stock valuation.
| 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 | — |