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 working capital to net assets of Grindrod Shipping Holdings Ltd to evaluate short-term liquidity relative to the company's equity base.
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. See how many days can Grindrod Shipping Holdings Ltd fund operations to measure how many days the company can operate on defensive assets alone.
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 Grindrod Shipping Holdings Ltd stock valuation.
| 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 | — |