Sunworks Inc (SUNWQ) — Tangible Net Worth Ratio
Sunworks Inc (SUNWQ) has a Tangible Net Worth Ratio of 80.1% as of September 2023. This metric is calculated by deducting intangible assets ($4.30 Million) from net assets ($21.61 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 position of Sunworks Inc to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Sunworks Inc Tangible Net Worth Ratio (2016–2022)
This chart shows how Sunworks Inc's Tangible Net Worth Ratio has changed across 7 annual periods from 2016 to 2022. As of September 2023, the ratio stands at 80.1%, reflecting net assets of $21.61 Million with intangible assets of $4.30 Million USD. See SUNWQ cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Sunworks Inc (2016–2022)
The table below presents the year-by-year Tangible Net Worth Ratio for Sunworks Inc from 2016 to 2022, covering 7 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 Sunworks Inc market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2022 | 91.7% | $63.94 Million | $5.29 Million | $119.94 Million | ▲ +2.6 pp |
| 2021 | 89.1% | $72.77 Million | $7.91 Million | $100.81 Million | ▼ -10.9 pp |
| 2020 | 100.0% | $34.06 Million | $0.00 | $52.34 Million | ▲ +0.0 pp |
| 2019 | 100.0% | $8.44 Million | $0.00 | $30.80 Million | ▲ +0.0 pp |
| 2018 | 100.0% | $10.00 Million | $0.00 | $32.20 Million | ▲ +0.0 pp |
| 2017 | 100.0% | $15.66 Million | $0.00 | $41.15 Million | ▲ +0.0 pp |
| 2016 | 100.0% | $21.20 Million | $0.00 | $41.68 Million | — |