TRX Gold Corporation (TNX) — Tangible Net Worth Ratio
TRX Gold Corporation (TNX) has a Tangible Net Worth Ratio of 100.0% as of November 2023. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$61.53 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 TNX 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
TRX Gold Corporation Tangible Net Worth Ratio (1998–2023)
This chart shows how TRX Gold Corporation's Tangible Net Worth Ratio has changed across 26 annual periods from 1998 to 2023. As of November 2023, the ratio stands at 100.0%, reflecting net assets of CA$61.53 Million with intangible assets of CA$0.00 CAD. See how many days can TRX Gold Corporation fund operations to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for TRX Gold Corporation (1998–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for TRX Gold Corporation from 1998 to 2023, covering 26 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 TNX market cap.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 100.0% | CA$61.06 Million | CA$0.00 | CA$84.20 Million | ▲ +0.0 pp |
| 2022 | 100.0% | CA$51.16 Million | CA$0.00 | CA$71.84 Million | ▲ +0.0 pp |
| 2021 | 100.0% | CA$46.42 Million | CA$0.00 | CA$56.52 Million | ▲ +0.0 pp |
| 2020 | 100.0% | CA$24.83 Million | CA$0.00 | CA$38.07 Million | ▲ +0.0 pp |
| 2019 | 100.0% | CA$14.71 Million | CA$0.00 | CA$28.52 Million | ▲ +0.0 pp |
| 2018 | 100.0% | CA$26.43 Million | CA$0.00 | CA$40.99 Million | ▲ +0.0 pp |
| 2017 | 100.0% | CA$28.72 Million | CA$0.00 | CA$40.68 Million | ▲ +0.0 pp |
| 2016 | 100.0% | CA$35.16 Million | CA$0.00 | CA$49.89 Million | ▲ +0.0 pp |
| 2015 | 100.0% | CA$34.79 Million | CA$0.00 | CA$40.11 Million | ▲ +0.0 pp |
| 2014 | 100.0% | CA$47.37 Million | CA$0.00 | CA$48.55 Million | ▲ +0.0 pp |
| 2013 | 100.0% | CA$49.63 Million | CA$0.00 | CA$55.20 Million | ▲ +0.0 pp |
| 2012 | 100.0% | CA$51.11 Million | CA$0.00 | CA$63.70 Million | ▲ +0.0 pp |
| 2011 | 100.0% | CA$64.03 Million | CA$0.00 | CA$69.58 Million | ▲ +0.0 pp |
| 2010 | 100.0% | CA$28.59 Million | CA$0.00 | CA$30.92 Million | ▲ +0.0 pp |
| 2009 | 100.0% | CA$26.11 Million | CA$0.00 | CA$26.74 Million | ▲ +0.0 pp |
| 2008 | 100.0% | CA$24.83 Million | CA$0.00 | CA$25.38 Million | ▲ +0.0 pp |
| 2007 | 100.0% | CA$23.42 Million | CA$0.00 | CA$24.07 Million | ▲ +0.0 pp |
| 2006 | 100.0% | CA$21.87 Million | CA$0.00 | CA$22.52 Million | ▲ +0.0 pp |
| 2005 | 100.0% | CA$18.42 Million | CA$0.00 | CA$18.74 Million | ▲ +0.0 pp |
| 2004 | 100.0% | CA$16.22 Million | CA$0.00 | CA$16.83 Million | ▲ +0.0 pp |
| 2003 | 100.0% | CA$14.68 Million | CA$0.00 | CA$15.48 Million | ▲ +0.0 pp |
| 2002 | 100.0% | CA$12.58 Million | CA$0.00 | CA$13.42 Million | ▲ +0.0 pp |
| 2001 | 100.0% | CA$7.66 Million | CA$0.00 | CA$8.03 Million | ▲ +0.0 pp |
| 2000 | 100.0% | CA$5.79 Million | CA$0.00 | CA$6.13 Million | ▲ +0.0 pp |
| 1999 | 100.0% | CA$5.64 Million | CA$0.00 | CA$5.85 Million | ▲ +0.0 pp |
| 1998 | 100.0% | CA$6.76 Million | CA$0.00 | CA$6.81 Million | — |