Ringcentral Inc (RNG) — Tangible Net Worth Ratio
Ringcentral Inc (RNG) has a Tangible Net Worth Ratio of -288.6% as of June 2022. This metric is calculated by deducting intangible assets ($628.56 Million) from net assets ($161.76 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 how fast is Ringcentral Inc growing its equity to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Ringcentral Inc Tangible Net Worth Ratio (2011–2021)
This chart shows how Ringcentral Inc's Tangible Net Worth Ratio has changed across 11 annual periods from 2011 to 2021. As of June 2022, the ratio stands at -288.6%, reflecting net assets of $161.76 Million with intangible assets of $628.56 Million USD. For live market cap and overall valuation, see Ringcentral Inc market cap and net worth.
Annual Tangible Net Worth Ratio for Ringcentral Inc (2011–2021)
The table below presents the year-by-year Tangible Net Worth Ratio for Ringcentral Inc from 2011 to 2021, covering 11 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 how much does Ringcentral Inc reinvest in capital 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) |
|---|---|---|---|---|---|
| 2021 | -111.4% | $338.97 Million | $716.61 Million | $2.58 Billion | ▼ -173.5 pp |
| 2020 | 62.1% | $312.25 Million | $118.31 Million | $2.18 Billion | ▼ -20.8 pp |
| 2019 | 82.9% | $745.70 Million | $127.34 Million | $1.45 Billion | ▼ -10.9 pp |
| 2018 | 93.9% | $317.61 Million | $19.48 Million | $894.33 Million | ▼ -5.3 pp |
| 2017 | 99.2% | $172.20 Million | $1.46 Million | $305.17 Million | ▲ +0.9 pp |
| 2016 | 98.3% | $130.04 Million | $2.24 Million | $252.63 Million | ▲ +1.2 pp |
| 2015 | 97.0% | $110.13 Million | $3.27 Million | $214.81 Million | ▼ -1.2 pp |
| 2014 | 98.2% | $96.50 Million | $1.70 Million | $188.34 Million | ▲ +1.9 pp |
| 2013 | 96.4% | $63.52 Million | $2.30 Million | $145.19 Million | ▲ +2954.1 pp |
| 2012 | -2857.7% | $71.00K | $2.10 Million | $63.35 Million | ▼ -2957.7 pp |
| 2011 | 100.0% | $1.45 Million | $0.00 | $27.36 Million | — |