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. Also explore how fast is TUT Fitness Group Inc growing its equity to track the company's year-over-year net asset growth rate.
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. For live market cap and overall valuation, see TUT Fitness Group Inc market cap and net worth.
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. See TUT Fitness Group Inc (GYM) financial flexibility 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 | 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 | — |