First Tracks Biotherapeutics, Inc. Ordinary Shares When-Issued (TRAXV) — Tangible Net Worth Ratio
First Tracks Biotherapeutics, Inc. Ordinary Shares When-Issued (TRAXV) has a Tangible Net Worth Ratio of 100.0% as of December 2024. This metric is calculated by deducting intangible assets ($0.00) from net assets ($391.60 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 First Tracks Biotherapeutics, Inc. Ordin working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
First Tracks Biotherapeutics, Inc. Ordinary Shares When-Issued Tangible Net Worth Ratio (2023–2024)
This chart shows how First Tracks Biotherapeutics, Inc. Ordinary Shares When-Issued's Tangible Net Worth Ratio has changed across 2 annual periods from 2023 to 2024. As of December 2024, the ratio stands at 100.0%, reflecting net assets of $391.60 Million with intangible assets of $0.00 USD. See First Tracks Biotherapeutics, Inc. Ordin liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for First Tracks Biotherapeutics, Inc. Ordinary Shares When-Issued (2023–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for First Tracks Biotherapeutics, Inc. Ordinary Shares When-Issued from 2023 to 2024, covering 2 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 TRAXV market cap.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 100.0% | $391.60 Million | $0.00 | $441.89 Million | ▲ +0.0 pp |
| 2023 | 100.0% | $409.85 Million | $0.00 | $444.11 Million | — |