Geekco Technologies Corp (GKO) — Tangible Net Worth Ratio
Geekco Technologies Corp (GKO) has a Tangible Net Worth Ratio of -7690.4% as of September 2024. This metric is calculated by deducting intangible assets (CA$1.85 Million) from net assets (CA$23.77K) 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 Geekco Technologies Corp working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Geekco Technologies Corp Tangible Net Worth Ratio (2019–2023)
This chart shows how Geekco Technologies Corp's Tangible Net Worth Ratio has changed across 5 annual periods from 2019 to 2023. As of September 2024, the ratio stands at -7690.4%, reflecting net assets of CA$23.77K with intangible assets of CA$1.85 Million CAD. See Geekco Technologies Corp defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Geekco Technologies Corp (2019–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Geekco Technologies 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. For the full company profile including market capitalisation, see Geekco Technologies Corp (GKO) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | -176.5% | CA$768.92K | CA$2.13 Million | CA$3.75 Million | ▼ -196.6 pp |
| 2022 | 20.2% | CA$2.99 Million | CA$2.39 Million | CA$5.44 Million | ▼ -32.0 pp |
| 2021 | 52.1% | CA$5.18 Million | CA$2.48 Million | CA$6.96 Million | ▲ +6.6 pp |
| 2020 | 45.6% | CA$4.12 Million | CA$2.24 Million | CA$4.74 Million | ▲ +22.5 pp |
| 2019 | 23.1% | CA$2.24 Million | CA$1.73 Million | CA$2.72 Million | — |