KORE Group Holdings Inc (KORE) — Tangible Net Worth Ratio
KORE Group Holdings Inc (KORE) has a Tangible Net Worth Ratio of -609.2% as of March 2024. This metric is calculated by deducting intangible assets ($158.40 Million) from net assets ($22.33 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 KORE net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
KORE Group Holdings Inc Tangible Net Worth Ratio (2019–2023)
This chart shows how KORE Group Holdings Inc's Tangible Net Worth Ratio has changed across 5 annual periods from 2019 to 2023. As of March 2024, the ratio stands at -609.2%, reflecting net assets of $22.33 Million with intangible assets of $158.40 Million USD. See operational self-sufficiency of KORE Group Holdings Inc to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for KORE Group Holdings Inc (2019–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for KORE Group Holdings Inc from 2019 to 2023, covering 5 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 KORE Group Holdings Inc market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | -353.3% | $36.97 Million | $167.59 Million | $586.98 Million | ▼ -346.7 pp |
| 2022 | -6.5% | $180.67 Million | $192.50 Million | $688.68 Million | ▼ -30.8 pp |
| 2021 | 24.3% | $267.52 Million | $202.55 Million | $760.34 Million | ▲ +1112.5 pp |
| 2020 | -1088.2% | $20.22 Million | $240.20 Million | $700.02 Million | ▼ -1100.6 pp |
| 2019 | 12.4% | $316.24 Million | $276.90 Million | $724.85 Million | — |