Grindrod Shipping Holdings Ltd (GRIN) — Tangible Net Worth Ratio
Grindrod Shipping Holdings Ltd (GRIN) has a Tangible Net Worth Ratio of 98.0% as of December 2023. This metric is calculated by deducting intangible assets ($4.91 Million) from net assets ($246.12 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 Grindrod Shipping Holdings Ltd (GRIN) net assets for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Grindrod Shipping Holdings Ltd Tangible Net Worth Ratio (2015–2023)
This chart shows how Grindrod Shipping Holdings Ltd's Tangible Net Worth Ratio has changed across 9 annual periods from 2015 to 2023. As of December 2023, the ratio stands at 98.0%, reflecting net assets of $246.12 Million with intangible assets of $4.91 Million USD. Also explore how fast is Grindrod Shipping Holdings Ltd growing its equity to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Grindrod Shipping Holdings Ltd (2015–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Grindrod Shipping Holdings Ltd from 2015 to 2023, covering 9 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 value of Grindrod Shipping Holdings Ltd.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 98.0% | $246.12 Million | $4.91 Million | $460.88 Million | ▼ -1.9 pp |
| 2022 | 99.9% | $287.45 Million | $186.00K | $549.23 Million | ▲ +0.0 pp |
| 2021 | 99.9% | $319.63 Million | $227.00K | $645.17 Million | ▲ +0.1 pp |
| 2020 | 99.8% | $254.02 Million | $405.00K | $622.10 Million | ▼ -0.1 pp |
| 2019 | 99.9% | $260.06 Million | $177.00K | $527.19 Million | ▼ -0.1 pp |
| 2018 | 100.0% | $292.50 Million | $41.00K | $447.63 Million | ▲ +0.0 pp |
| 2017 | 100.0% | $319.74 Million | $61.00K | $507.12 Million | ▲ +1.8 pp |
| 2016 | 98.2% | $363.10 Million | $6.59 Million | $590.15 Million | ▼ -0.3 pp |
| 2015 | 98.5% | $399.08 Million | $6.03 Million | $578.73 Million | — |