TUT Fitness Group Inc (GYM) — Tangible Net Worth Ratio
TUT Fitness Group Inc (GYM) has a Tangible Net Worth Ratio of 68.2% as of March 2024. This metric is calculated by deducting intangible assets (CA$6.57K) from net assets (CA$20.64K) 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 TUT Fitness Group Inc current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
TUT Fitness Group Inc Tangible Net Worth Ratio (2021–2023)
This chart shows how TUT Fitness Group Inc's Tangible Net Worth Ratio has changed across 3 annual periods from 2021 to 2023. As of March 2024, the ratio stands at 68.2%, reflecting net assets of CA$20.64K with intangible assets of CA$6.57K CAD. See defensive interval ratio of TUT Fitness Group Inc to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for TUT Fitness Group Inc (2021–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for TUT Fitness Group Inc from 2021 to 2023, 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 TUT Fitness Group Inc (GYM) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 96.8% | CA$290.24K | CA$9.22K | CA$707.21K | ▲ +35.1 pp |
| 2022 | 61.7% | CA$1.67 Million | CA$638.45K | CA$1.88 Million | ▼ -4.1 pp |
| 2021 | 65.8% | CA$3.51 Million | CA$1.20 Million | CA$3.97 Million | — |