Petrel Resources (PET) — Tangible Net Worth Ratio
Petrel Resources (PET) has a Tangible Net Worth Ratio of 98.8% as of June 2023. This metric is calculated by deducting intangible assets (GBX933.00) from net assets (GBX79.00K) 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 PET 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
Petrel Resources Tangible Net Worth Ratio (1997–2022)
This chart shows how Petrel Resources's Tangible Net Worth Ratio has changed across 26 annual periods from 1997 to 2022. As of June 2023, the ratio stands at 98.8%, reflecting net assets of GBX79.00K with intangible assets of GBX933.00 GBX. See PET days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Petrel Resources (1997–2022)
The table below presents the year-by-year Tangible Net Worth Ratio for Petrel Resources from 1997 to 2022, covering 26 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 PET market cap overview.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2022 | 99.6% | GBX243.36K | GBX933.17 | GBX1.13 Million | ▼ 0.0 pp |
| 2021 | 99.7% | GBX268.24K | GBX933.17 | GBX1.06 Million | ▼ -0.2 pp |
| 2020 | 99.8% | GBX590.32K | GBX931.97 | GBX1.30 Million | ▼ 0.0 pp |
| 2019 | 99.9% | GBX759.90K | GBX983.97 | GBX1.39 Million | ▲ +110.6 pp |
| 2018 | -10.8% | GBX2.28 Million | GBX2.52 Million | GBX2.91 Million | ▼ -1.4 pp |
| 2017 | -9.3% | GBX1.99 Million | GBX2.18 Million | GBX2.58 Million | ▼ -77.4 pp |
| 2016 | 68.1% | GBX6.71 Million | GBX2.14 Million | GBX7.12 Million | ▼ -4.7 pp |
| 2015 | 72.9% | GBX6.90 Million | GBX1.87 Million | GBX7.21 Million | ▼ -4.6 pp |
| 2014 | 77.4% | GBX6.82 Million | GBX1.54 Million | GBX7.13 Million | ▲ +20.7 pp |
| 2013 | 56.7% | GBX9.28 Million | GBX4.02 Million | GBX9.69 Million | ▼ -42.7 pp |
| 2012 | 99.4% | GBX6.08 Million | GBX37.66K | GBX6.48 Million | ▲ +40.0 pp |
| 2011 | 59.4% | GBX6.65 Million | GBX2.70 Million | GBX6.88 Million | ▼ -9.7 pp |
| 2010 | 69.1% | GBX6.95 Million | GBX2.15 Million | GBX7.04 Million | ▼ -9.4 pp |
| 2009 | 78.5% | GBX7.66 Million | GBX1.64 Million | GBX45.34 Million | ▲ +18.2 pp |
| 2008 | 60.3% | GBX12.04 Million | GBX4.78 Million | GBX49.34 Million | ▼ -7.3 pp |
| 2007 | 67.6% | GBX12.94 Million | GBX4.19 Million | GBX49.79 Million | ▲ +14.1 pp |
| 2006 | 53.6% | GBX7.34 Million | GBX3.41 Million | GBX23.30 Million | ▲ +24.2 pp |
| 2005 | 29.4% | GBX6.97 Million | GBX4.92 Million | GBX8.69 Million | ▲ +34.6 pp |
| 2004 | -5.2% | GBX2.11 Million | GBX2.22 Million | GBX2.37 Million | ▼ -42.8 pp |
| 2003 | 37.6% | GBX2.20 Million | GBX1.37 Million | GBX2.38 Million | ▲ +49.3 pp |
| 2002 | -11.7% | GBX968.08K | GBX1.08 Million | GBX1.12 Million | ▲ +31.6 pp |
| 2001 | -43.3% | GBX637.49K | GBX913.74K | GBX939.89K | ▼ -88.3 pp |
| 2000 | 45.0% | GBX916.47K | GBX504.38K | GBX1.19 Million | ▲ +36.6 pp |
| 1999 | 8.4% | GBX326.35K | GBX299.02K | GBX405.13K | ▼ -28.3 pp |
| 1998 | 36.6% | GBX455.73K | GBX288.73K | GBX530.75K | ▼ -60.0 pp |
| 1997 | 96.6% | GBX892.68K | GBX30.06K | GBX937.76K | — |