Trxade Group Inc (MEDS) — Tangible Net Worth Ratio
Trxade Group Inc (MEDS) has a Tangible Net Worth Ratio of 100.0% as of June 2024. This metric is calculated by deducting intangible assets ($0.00) from net assets ($11.79 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 Trxade Group Inc (MEDS) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Trxade Group Inc Tangible Net Worth Ratio (2006–2023)
This chart shows how Trxade Group Inc's Tangible Net Worth Ratio has changed across 11 annual periods from 2006 to 2023. As of June 2024, the ratio stands at 100.0%, reflecting net assets of $11.79 Million with intangible assets of $0.00 USD. Also explore Trxade Group Inc (MEDS) equity growth momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Trxade Group Inc (2006–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Trxade Group Inc from 2006 to 2023, 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 live market cap and overall valuation, see MEDS company net worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | -1552.6% | $542.35K | $8.96 Million | $12.53 Million | ▼ -1521.1 pp |
| 2022 | -31.5% | $342.87K | $450.85K | $3.71 Million | ▼ -131.5 pp |
| 2021 | 100.0% | $3.77 Million | $0.00 | $5.77 Million | ▲ +0.0 pp |
| 2020 | 100.0% | $8.68 Million | $0.00 | $9.79 Million | ▲ +0.0 pp |
| 2019 | 100.0% | $4.14 Million | $0.00 | $5.57 Million | ▲ +0.0 pp |
| 2018 | 100.0% | $844.67K | $0.00 | $2.23 Million | ▲ +0.0 pp |
| 2015 | 100.0% | $267.02K | $0.00 | $2.03 Million | ▲ +0.0 pp |
| 2014 | 100.0% | $668.44K | $0.00 | $1.22 Million | ▲ +0.0 pp |
| 2013 | 100.0% | $130.87K | $0.00 | $403.87K | ▲ +0.0 pp |
| 2012 | 100.0% | $17.48K | $0.00 | $118.68K | ▲ +0.0 pp |
| 2006 | 100.0% | $9.67K | $0.00 | $13.17K | — |