RLX Technology Inc (RLX) — Tangible Net Worth Ratio
RLX Technology Inc (RLX) has a Tangible Net Worth Ratio of 98.6% as of September 2025. This metric is calculated by deducting intangible assets ($226.87 Million) from net assets ($16.19 Billion) 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 RLX current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
RLX Technology Inc Tangible Net Worth Ratio (2018–2024)
This chart shows how RLX Technology Inc's Tangible Net Worth Ratio has changed across 7 annual periods from 2018 to 2024. As of September 2025, the ratio stands at 98.6%, reflecting net assets of $16.19 Billion with intangible assets of $226.87 Million USD. See RLX defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for RLX Technology Inc (2018–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for RLX Technology Inc from 2018 to 2024, 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. For the full company profile including market capitalisation, see RLX market cap overview.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 99.7% | $15.99 Billion | $52.80 Million | $16.87 Billion | ▲ +0.1 pp |
| 2023 | 99.6% | $15.60 Billion | $69.78 Million | $16.32 Billion | ▼ -0.4 pp |
| 2022 | 100.0% | $15.54 Billion | $4.72 Million | $16.38 Billion | ▲ +0.0 pp |
| 2021 | 99.9% | $13.52 Billion | $8.37 Million | $16.37 Billion | ▲ +0.3 pp |
| 2020 | 99.6% | $230.68 Million | $824.64K | $620.80 Million | ▲ +4.7 pp |
| 2019 | 94.9% | $106.28 Million | $5.40 Million | $1.44 Billion | ▼ -5.1 pp |
| 2018 | 100.0% | $6.62 Million | $0.00 | $105.74 Million | — |