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. Also explore net asset momentum of Sunworks Inc to track the company's year-over-year net asset growth rate.
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. For live market cap and overall valuation, see Sunworks Inc (SUNWQ) total market value.
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. Explore SUNWQ capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
| 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 | — |