Fortune Minerals Limited (FT) — Tangible Net Worth Ratio
Fortune Minerals Limited (FT) has a Tangible Net Worth Ratio of 100.0% as of September 2023. This metric is calculated by deducting intangible assets (CA$4.48) from net assets (CA$37.13 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 Fortune Minerals Limited (FT) 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
Fortune Minerals Limited Tangible Net Worth Ratio (1996–2022)
This chart shows how Fortune Minerals Limited's Tangible Net Worth Ratio has changed across 27 annual periods from 1996 to 2022. As of September 2023, the ratio stands at 100.0%, reflecting net assets of CA$37.13 Million with intangible assets of CA$4.48 CAD. See Fortune Minerals Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Fortune Minerals Limited (1996–2022)
The table below presents the year-by-year Tangible Net Worth Ratio for Fortune Minerals Limited from 1996 to 2022, covering 27 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 Fortune Minerals Limited market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2022 | 100.0% | CA$37.87 Million | CA$6.07K | CA$46.45 Million | ▼ 0.0 pp |
| 2021 | 100.0% | CA$63.86 Million | CA$9.33K | CA$78.61 Million | ▲ +0.0 pp |
| 2020 | 100.0% | CA$64.18 Million | CA$14.36K | CA$76.34 Million | ▲ +0.0 pp |
| 2019 | 100.0% | CA$65.77 Million | CA$22.09K | CA$76.81 Million | ▲ +0.0 pp |
| 2018 | 99.9% | CA$67.23 Million | CA$33.99K | CA$78.33 Million | ▲ +0.5 pp |
| 2017 | 99.5% | CA$57.75 Million | CA$316.65K | CA$79.60 Million | ▼ -0.5 pp |
| 2016 | 99.9% | CA$57.70 Million | CA$53.28K | CA$69.13 Million | ▲ +0.0 pp |
| 2015 | 99.9% | CA$63.02 Million | CA$82.41K | CA$67.96 Million | ▼ 0.0 pp |
| 2014 | 99.9% | CA$104.33 Million | CA$126.78K | CA$181.91 Million | ▼ -0.1 pp |
| 2013 | 100.0% | CA$93.96 Million | CA$136.22 | CA$114.49 Million | ▲ +0.1 pp |
| 2012 | 99.9% | CA$126.17 Million | CA$177.78K | CA$149.57 Million | ▼ -0.1 pp |
| 2011 | 100.0% | CA$131.02 Million | CA$0.00 | CA$156.05 Million | ▲ +0.0 pp |
| 2010 | 100.0% | CA$116.54 Million | CA$0.00 | CA$127.92 Million | ▲ +0.0 pp |
| 2009 | 100.0% | CA$109.28 Million | CA$0.00 | CA$123.73 Million | ▲ +0.0 pp |
| 2008 | 100.0% | CA$88.13 Million | CA$0.00 | CA$99.29 Million | ▲ +0.0 pp |
| 2007 | 100.0% | CA$82.13 Million | CA$0.00 | CA$90.35 Million | ▲ +0.0 pp |
| 2006 | 100.0% | CA$51.89 Million | CA$0.00 | CA$60.24 Million | ▲ +0.0 pp |
| 2005 | 100.0% | CA$42.26 Million | CA$0.00 | CA$47.85 Million | ▲ +0.0 pp |
| 2004 | 100.0% | CA$35.69 Million | CA$0.00 | CA$40.45 Million | ▲ +0.0 pp |
| 2003 | 100.0% | CA$14.83 Million | CA$0.00 | CA$17.66 Million | ▲ +0.0 pp |
| 2002 | 100.0% | CA$10.15 Million | CA$0.00 | CA$12.65 Million | ▲ +0.0 pp |
| 2001 | 100.0% | CA$9.17 Million | CA$0.00 | CA$11.66 Million | ▲ +0.0 pp |
| 2000 | 100.0% | CA$9.33 Million | CA$0.00 | CA$11.98 Million | ▲ +0.0 pp |
| 1999 | 100.0% | CA$11.90 Million | CA$0.00 | CA$12.30 Million | ▲ +0.0 pp |
| 1998 | 100.0% | CA$11.30 Million | CA$0.00 | CA$11.40 Million | ▲ +0.0 pp |
| 1997 | 100.0% | CA$8.20 Million | CA$0.00 | CA$8.40 Million | ▲ +0.0 pp |
| 1996 | 100.0% | CA$5.40 Million | CA$0.00 | CA$5.50 Million | — |