Sprott Physical Gold Trust (PHYS) — Tangible Net Worth Ratio
Sprott Physical Gold Trust (PHYS) has a Tangible Net Worth Ratio of 100.0% as of September 2025. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$14.11 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 PHYS 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
Sprott Physical Gold Trust Tangible Net Worth Ratio (2010–2024)
This chart shows how Sprott Physical Gold Trust's Tangible Net Worth Ratio has changed across 14 annual periods from 2010 to 2024. As of September 2025, the ratio stands at 100.0%, reflecting net assets of CA$14.11 Billion with intangible assets of CA$0.00 CAD. See Sprott Physical Gold Trust (PHYS) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Sprott Physical Gold Trust (2010–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Sprott Physical Gold Trust from 2010 to 2024, covering 14 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 PHYS market cap.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 100.0% | CA$8.61 Billion | CA$0.00 | CA$8.61 Billion | ▲ +0.0 pp |
| 2023 | 100.0% | CA$6.53 Billion | CA$0.00 | CA$6.53 Billion | ▲ +0.0 pp |
| 2022 | 100.0% | CA$5.75 Billion | CA$0.00 | CA$5.75 Billion | ▲ +0.0 pp |
| 2021 | 100.0% | CA$5.01 Billion | CA$0.00 | CA$5.01 Billion | ▲ +0.0 pp |
| 2020 | 100.0% | CA$4.89 Billion | CA$0.00 | CA$4.89 Billion | ▲ +0.0 pp |
| 2019 | 100.0% | CA$2.46 Billion | CA$0.00 | CA$2.46 Billion | ▲ +0.0 pp |
| 2018 | 100.0% | CA$2.02 Billion | CA$0.00 | CA$2.03 Billion | ▲ +0.0 pp |
| 2017 | 100.0% | CA$2.26 Billion | CA$0.00 | CA$2.26 Billion | ▲ +0.0 pp |
| 2016 | 100.0% | CA$2.06 Billion | CA$0.00 | CA$2.06 Billion | ▲ +0.0 pp |
| 2015 | 100.0% | CA$1.24 Billion | CA$0.00 | CA$1.24 Billion | ▲ +0.0 pp |
| 2014 | 100.0% | CA$1.55 Billion | CA$0.00 | CA$1.55 Billion | ▲ +0.0 pp |
| 2012 | 100.0% | CA$2.73 Billion | CA$0.00 | CA$2.73 Billion | ▲ +0.0 pp |
| 2011 | 100.0% | CA$1.92 Billion | CA$0.00 | CA$1.92 Billion | ▲ +0.0 pp |
| 2010 | 100.0% | CA$1.17 Billion | CA$0.00 | CA$1.17 Billion | — |