Borealis Foods Inc. (BRLS) — Tangible Net Worth Ratio
Borealis Foods Inc. (BRLS) has a Tangible Net Worth Ratio of 95.0% as of September 2024. This metric is calculated by deducting intangible assets ($253.02K) from net assets ($5.07 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 Borealis Foods Inc. short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Borealis Foods Inc. Tangible Net Worth Ratio (2021–2023)
This chart shows how Borealis Foods Inc.'s Tangible Net Worth Ratio has changed across 3 annual periods from 2021 to 2023. As of September 2024, the ratio stands at 95.0%, reflecting net assets of $5.07 Million with intangible assets of $253.02K USD. See BRLS days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Borealis Foods Inc. (2021–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Borealis Foods Inc. 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 Borealis Foods Inc. market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 100.0% | $14.56 Million | $0.00 | $22.04 Million | ▲ +0.0 pp |
| 2022 | 100.0% | $4.64 Million | $0.00 | $64.77 Million | ▲ +0.0 pp |
| 2021 | 100.0% | $28.08 Million | $0.00 | $57.38 Million | — |