First Hydrogen Corp (FHYD) — Tangible Net Worth Ratio
First Hydrogen Corp (FHYD) has a Tangible Net Worth Ratio of 100.0% as of September 2023. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$1.50 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. Also explore net asset momentum of First Hydrogen Corp to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
First Hydrogen Corp Tangible Net Worth Ratio (2019–2023)
This chart shows how First Hydrogen Corp's Tangible Net Worth Ratio has changed across 5 annual periods from 2019 to 2023. As of September 2023, the ratio stands at 100.0%, reflecting net assets of CA$1.50 Million with intangible assets of CA$0.00 CAD. For live market cap and overall valuation, see FHYD market cap.
Annual Tangible Net Worth Ratio for First Hydrogen Corp (2019–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for First Hydrogen Corp from 2019 to 2023, covering 5 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 FHYD FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 18.1% | CA$1.09 Million | CA$892.01K | CA$4.24 Million | ▼ -81.9 pp |
| 2022 | 100.0% | CA$1.12 Million | CA$0.00 | CA$5.15 Million | ▲ +0.0 pp |
| 2021 | 100.0% | CA$1.17 Million | CA$0.00 | CA$2.62 Million | ▲ +0.0 pp |
| 2020 | 100.0% | CA$516.70K | CA$0.00 | CA$587.38K | ▲ +0.0 pp |
| 2019 | 100.0% | CA$402.72K | CA$0.00 | CA$483.38K | — |