Glacier Lake Resources Inc (GLI) — Tangible Net Worth Ratio
Glacier Lake Resources Inc (GLI) has a Tangible Net Worth Ratio of 100.0% as of June 2023. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$149.76K) 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 GLI working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Glacier Lake Resources Inc Tangible Net Worth Ratio (2009–2023)
This chart shows how Glacier Lake Resources Inc's Tangible Net Worth Ratio has changed across 11 annual periods from 2009 to 2023. As of June 2023, the ratio stands at 100.0%, reflecting net assets of CA$149.76K with intangible assets of CA$0.00 CAD. See defensive interval ratio of Glacier Lake Resources Inc to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Glacier Lake Resources Inc (2009–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Glacier Lake Resources Inc from 2009 to 2023, covering 11 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 how much is Glacier Lake Resources Inc worth.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 100.0% | CA$310.58K | CA$0.00 | CA$428.55K | ▲ +0.0 pp |
| 2022 | 100.0% | CA$1.03 Million | CA$0.00 | CA$1.06 Million | ▲ +0.0 pp |
| 2021 | 100.0% | CA$293.54K | CA$0.00 | CA$633.39K | ▲ +0.0 pp |
| 2020 | 100.0% | CA$848.93K | CA$0.00 | CA$1.01 Million | ▲ +0.0 pp |
| 2018 | 100.0% | CA$1.23 Million | CA$0.00 | CA$1.56 Million | ▲ +0.0 pp |
| 2017 | 100.0% | CA$448.89K | CA$0.00 | CA$610.47K | ▲ +0.0 pp |
| 2016 | 100.0% | CA$104.28K | CA$0.00 | CA$339.25K | ▲ +0.0 pp |
| 2012 | 100.0% | CA$301.20K | CA$0.00 | CA$745.10K | ▲ +0.0 pp |
| 2011 | 100.0% | CA$1.41 Million | CA$0.00 | CA$1.50 Million | ▲ +0.0 pp |
| 2010 | 100.0% | CA$1.92 Million | CA$0.00 | CA$2.16 Million | ▲ +0.0 pp |
| 2009 | 100.0% | CA$351.13K | CA$0.00 | CA$392.64K | — |