Earlyworks Co., Ltd. American Depositary Shares (ELWS) — Tangible Net Worth Ratio
Earlyworks Co., Ltd. American Depositary Shares (ELWS) has a Tangible Net Worth Ratio of 85.7% as of July 2025. This metric is calculated by deducting intangible assets ($10.62 Million) from net assets ($74.03 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 ELWS total equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Earlyworks Co., Ltd. American Depositary Shares Tangible Net Worth Ratio (2021–2025)
This chart shows how Earlyworks Co., Ltd. American Depositary Shares's Tangible Net Worth Ratio has changed across 5 annual periods from 2021 to 2025. As of July 2025, the ratio stands at 85.7%, reflecting net assets of $74.03 Million with intangible assets of $10.62 Million USD. Also explore net asset momentum of Earlyworks Co., Ltd. American Depositary to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Earlyworks Co., Ltd. American Depositary Shares (2021–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Earlyworks Co., Ltd. American Depositary Shares from 2021 to 2025, covering 5 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 ELWS market cap.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 85.7% | $74.03 Million | $10.62 Million | $190.50 Million | ▼ -14.3 pp |
| 2024 | 100.0% | $330.72 Million | $0.00 | $575.57 Million | ▲ +0.0 pp |
| 2023 | 100.0% | $208.51 Million | $0.00 | $453.04 Million | ▲ +0.0 pp |
| 2022 | 100.0% | $590.82 Million | $0.00 | $752.05 Million | ▲ +0.0 pp |
| 2021 | 100.0% | $323.16 Million | $0.00 | $437.23 Million | — |