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. See AVX 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
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. See Altair Resources Inc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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. For the full company profile including market capitalisation, see market cap of Altair Resources Inc.
| 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 | — |