Altair Resources Inc (AVX) — Tangible Net Worth Ratio
Altair Resources Inc (AVX) has a Tangible Net Worth Ratio of 100.0% as of December 2018. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$151.22K) 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 Altair Resources Inc equity growth rate to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Altair Resources Inc Tangible Net Worth Ratio (2014–2018)
This chart shows how Altair Resources Inc's Tangible Net Worth Ratio has changed across 3 annual periods from 2014 to 2018. As of December 2018, the ratio stands at 100.0%, reflecting net assets of CA$151.22K with intangible assets of CA$0.00 CAD. For live market cap and overall valuation, see AVX market cap.
Annual Tangible Net Worth Ratio for Altair Resources Inc (2014–2018)
The table below presents the year-by-year Tangible Net Worth Ratio for Altair Resources Inc from 2014 to 2018, covering 3 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. See AVX FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2018 | 100.0% | CA$1.04 Million | CA$0.00 | CA$1.43 Million | ▲ +0.0 pp |
| 2017 | 100.0% | CA$2.08 Million | CA$0.00 | CA$2.63 Million | ▲ +0.0 pp |
| 2014 | 100.0% | CA$1.90 Million | CA$0.00 | CA$2.05 Million | — |