Toughbuilt Industries Inc (TBLT) — Tangible Net Worth Ratio
Toughbuilt Industries Inc (TBLT) has a Tangible Net Worth Ratio of 78.4% as of September 2023. This metric is calculated by deducting intangible assets ($1.78 Million) from net assets ($8.27 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 TBLT shareholders equity momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Toughbuilt Industries Inc Tangible Net Worth Ratio (2019–2022)
This chart shows how Toughbuilt Industries Inc's Tangible Net Worth Ratio has changed across 4 annual periods from 2019 to 2022. As of September 2023, the ratio stands at 78.4%, reflecting net assets of $8.27 Million with intangible assets of $1.78 Million USD. For live market cap and overall valuation, see TBLT market cap.
Annual Tangible Net Worth Ratio for Toughbuilt Industries Inc (2019–2022)
The table below presents the year-by-year Tangible Net Worth Ratio for Toughbuilt Industries Inc from 2019 to 2022, covering 4 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 TBLT 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 | 95.1% | $29.71 Million | $1.46 Million | $83.92 Million | ▼ -3.8 pp |
| 2021 | 98.9% | $57.90 Million | $615.44K | $78.95 Million | ▼ -1.1 pp |
| 2020 | 100.0% | $19.35 Million | $0.00 | $27.49 Million | ▲ +0.0 pp |
| 2019 | 100.0% | $3.23 Million | $0.00 | $10.47 Million | — |