GGX Gold Corp (GGX) — Tangible Net Worth Ratio
GGX Gold Corp (GGX) has a Tangible Net Worth Ratio of 100.0% as of June 2018. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$132.17K) 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 GGX Gold Corp (GGX) liquidity 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
GGX Gold Corp Tangible Net Worth Ratio (2014–2018)
This chart shows how GGX Gold Corp's Tangible Net Worth Ratio has changed across 4 annual periods from 2014 to 2018. As of June 2018, the ratio stands at 100.0%, reflecting net assets of CA$132.17K with intangible assets of CA$0.00 CAD. See GGX defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for GGX Gold Corp (2014–2018)
The table below presents the year-by-year Tangible Net Worth Ratio for GGX Gold Corp from 2014 to 2018, covering 4 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 GGX market cap overview.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2018 | 100.0% | CA$132.17K | CA$0.00 | CA$627.66K | ▲ +0.0 pp |
| 2017 | 100.0% | CA$177.27K | CA$0.00 | CA$365.37K | ▲ +0.0 pp |
| 2016 | 100.0% | CA$151.37K | CA$0.00 | CA$444.11K | ▲ +0.0 pp |
| 2014 | 100.0% | CA$538.72K | CA$0.00 | CA$1.06 Million | — |