Gan Ltd (GAN) — Tangible Net Worth Ratio
Gan Ltd (GAN) has a Tangible Net Worth Ratio of -1051.7% as of September 2023. This metric is calculated by deducting intangible assets ($23.27 Million) from net assets ($2.02 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 how liquid is Gan Ltd's working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Gan Ltd Tangible Net Worth Ratio (2012–2022)
This chart shows how Gan Ltd's Tangible Net Worth Ratio has changed across 11 annual periods from 2012 to 2022. As of September 2023, the ratio stands at -1051.7%, reflecting net assets of $2.02 Million with intangible assets of $23.27 Million USD. See operational self-sufficiency of Gan Ltd to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Gan Ltd (2012–2022)
The table below presents the year-by-year Tangible Net Worth Ratio for Gan Ltd from 2012 to 2022, covering 11 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 market cap of Gan Ltd.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2022 | -52.7% | $20.77 Million | $31.70 Million | $103.08 Million | ▼ -130.2 pp |
| 2021 | 77.5% | $224.04 Million | $50.32 Million | $260.91 Million | ▼ -17.9 pp |
| 2020 | 95.4% | $155.56 Million | $7.12 Million | $173.25 Million | ▲ +29.6 pp |
| 2019 | 65.8% | $15.10 Million | $5.16 Million | $26.11 Million | ▲ +22.3 pp |
| 2018 | 43.5% | $11.96 Million | $6.75 Million | $22.61 Million | ▼ -51.0 pp |
| 2017 | 94.6% | $10.23 Million | $554.87K | $17.35 Million | ▼ -0.6 pp |
| 2016 | 95.2% | $13.75 Million | $661.75K | $17.44 Million | ▲ +0.6 pp |
| 2015 | 94.6% | $15.53 Million | $837.63K | $20.30 Million | ▼ -3.9 pp |
| 2014 | 98.5% | $23.65 Million | $353.77K | $27.96 Million | ▼ -0.9 pp |
| 2013 | 99.4% | $29.31 Million | $187.19K | $35.86 Million | ▲ +34.7 pp |
| 2012 | 64.7% | $3.06 Million | $1.08 Million | $8.50 Million | — |