Above Food Ingredients Inc. Common Stock (ABVE) — Tangible Net Worth Ratio
Above Food Ingredients Inc. Common Stock (ABVE) has a Tangible Net Worth Ratio of 91.5% as of January 2024. This metric is calculated by deducting intangible assets ($2.45 Million) from net assets ($28.79 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 ABVE net 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
Above Food Ingredients Inc. Common Stock Tangible Net Worth Ratio (2021–2023)
This chart shows how Above Food Ingredients Inc. Common Stock's Tangible Net Worth Ratio has changed across 3 annual periods from 2021 to 2023. As of January 2024, the ratio stands at 91.5%, reflecting net assets of $28.79 Million with intangible assets of $2.45 Million USD. See Above Food Ingredients Inc. Common Stock (ABVE) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Above Food Ingredients Inc. Common Stock (2021–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Above Food Ingredients Inc. Common Stock from 2021 to 2023, covering 3 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 Above Food Ingredients Inc. Common Stock (ABVE) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 89.9% | $29.11 Million | $2.94 Million | $30.42 Million | ▼ -9.8 pp |
| 2022 | 99.7% | $199.86 Million | $562.07K | $200.51 Million | ▼ -0.3 pp |
| 2021 | 100.0% | $30.90K | $0.00 | $267.71K | — |