Metal Energy Corp (MERG) — Tangible Net Worth Ratio
Metal Energy Corp (MERG) has a Tangible Net Worth Ratio of 100.0% as of September 2024. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$783.93K) 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 Metal Energy Corp 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
Metal Energy Corp Tangible Net Worth Ratio (2021–2023)
This chart shows how Metal Energy Corp's Tangible Net Worth Ratio has changed across 3 annual periods from 2021 to 2023. As of September 2024, the ratio stands at 100.0%, reflecting net assets of CA$783.93K with intangible assets of CA$0.00 CAD. For live market cap and overall valuation, see MERG stock market capitalisation.
Annual Tangible Net Worth Ratio for Metal Energy Corp (2021–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Metal Energy Corp 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 Metal Energy Corp free cash flow to debt ratio 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 | 100.0% | CA$1.76 Million | CA$0.00 | CA$1.84 Million | ▲ +0.0 pp |
| 2022 | 100.0% | CA$2.41 Million | CA$0.00 | CA$3.16 Million | ▲ +0.0 pp |
| 2021 | 100.0% | CA$6.34 Million | CA$0.00 | CA$7.07 Million | — |