Argan Inc (AGX) — Tangible Net Worth Ratio
Argan Inc (AGX) has a Tangible Net Worth Ratio of 99.7% as of January 2026. This metric is calculated by deducting intangible assets ($1.45 Million) from net assets ($462.26 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 Argan Inc to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Argan Inc Tangible Net Worth Ratio (1988–2026)
This chart shows how Argan Inc's Tangible Net Worth Ratio has changed across 38 annual periods from 1988 to 2026. As of January 2026, the ratio stands at 99.7%, reflecting net assets of $462.26 Million with intangible assets of $1.45 Million USD. See AGX cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Argan Inc (1988–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Argan Inc from 1988 to 2026, covering 38 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 Argan Inc stock valuation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 99.7% | $462.26 Million | $1.45 Million | $1.19 Billion | ▲ +0.2 pp |
| 2025 | 99.5% | $351.86 Million | $1.83 Million | $836.23 Million | ▲ +0.2 pp |
| 2024 | 99.2% | $290.94 Million | $2.22 Million | $598.23 Million | ▲ +0.2 pp |
| 2023 | 99.1% | $280.90 Million | $2.61 Million | $489.49 Million | ▲ +0.1 pp |
| 2022 | 99.0% | $325.60 Million | $3.32 Million | $553.59 Million | ▲ +0.3 pp |
| 2021 | 98.7% | $322.41 Million | $4.10 Million | $602.63 Million | ▲ +0.2 pp |
| 2020 | 98.5% | $341.03 Million | $5.00 Million | $487.54 Million | ▲ +0.1 pp |
| 2019 | 98.4% | $394.37 Million | $6.14 Million | $476.65 Million | ▲ +0.4 pp |
| 2018 | 98.0% | $358.13 Million | $7.15 Million | $542.67 Million | ▲ +0.8 pp |
| 2017 | 97.2% | $292.57 Million | $8.18 Million | $644.49 Million | ▲ +1.4 pp |
| 2016 | 95.8% | $221.85 Million | $9.34 Million | $409.79 Million | ▼ -3.2 pp |
| 2015 | 98.9% | $174.95 Million | $1.84 Million | $391.19 Million | ▲ +0.3 pp |
| 2014 | 98.7% | $157.78 Million | $2.09 Million | $323.31 Million | ▲ +0.6 pp |
| 2013 | 98.0% | $119.17 Million | $2.33 Million | $234.72 Million | ▲ +0.6 pp |
| 2012 | 97.5% | $100.96 Million | $2.57 Million | $205.25 Million | ▲ +0.4 pp |
| 2011 | 97.0% | $97.64 Million | $2.91 Million | $130.54 Million | ▲ +0.7 pp |
| 2010 | 96.3% | $88.37 Million | $3.26 Million | $120.27 Million | ▲ +0.9 pp |
| 2009 | 95.4% | $79.11 Million | $3.65 Million | $135.16 Million | ▲ +8.0 pp |
| 2008 | 87.4% | $41.87 Million | $5.30 Million | $145.86 Million | ▲ +15.8 pp |
| 2007 | 71.6% | $44.51 Million | $12.66 Million | $121.13 Million | ▲ +6.9 pp |
| 2006 | 64.6% | $11.69 Million | $4.13 Million | $23.62 Million | ▲ +51.0 pp |
| 2005 | 13.6% | $15.50 Million | $13.39 Million | $25.26 Million | ▼ -68.1 pp |
| 2004 | 81.7% | $12.87 Million | $2.36 Million | $16.75 Million | ▼ -18.3 pp |
| 2003 | 100.0% | $3.80 Million | $0.00 | $4.63 Million | ▲ +0.0 pp |
| 2002 | 100.0% | $3.48 Million | $0.00 | $4.95 Million | ▲ +0.0 pp |
| 2001 | 100.0% | $4.00 Million | $0.00 | $5.61 Million | ▲ +0.0 pp |
| 2000 | 100.0% | $4.02 Million | $0.00 | $5.46 Million | ▲ +0.0 pp |
| 1999 | 100.0% | $4.85 Million | $0.00 | $6.48 Million | ▲ +0.0 pp |
| 1998 | 100.0% | $3.98 Million | $0.00 | $5.05 Million | ▲ +0.0 pp |
| 1997 | 100.0% | $3.49 Million | $0.00 | $4.09 Million | ▲ +0.0 pp |
| 1996 | 100.0% | $1.08 Million | $0.00 | $3.96 Million | ▲ +0.0 pp |
| 1994 | 100.0% | $2.30 Million | $0.00 | $7.30 Million | ▲ +0.0 pp |
| 1993 | 100.0% | $1.80 Million | $0.00 | $7.90 Million | ▲ +0.0 pp |
| 1992 | 100.0% | $3.70 Million | $0.00 | $8.40 Million | ▲ +0.0 pp |
| 1991 | 100.0% | $2.70 Million | $0.00 | $7.20 Million | ▲ +0.0 pp |
| 1990 | 100.0% | $1.80 Million | $0.00 | $4.80 Million | ▲ +0.0 pp |
| 1989 | 100.0% | $1.20 Million | $0.00 | $4.20 Million | ▲ +0.0 pp |
| 1988 | 100.0% | $900.00K | $0.00 | $4.70 Million | — |