True North Gems Inc (TGX) — Tangible Net Worth Ratio
True North Gems Inc (TGX) has a Tangible Net Worth Ratio of 100.0% as of December 2015. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$42.69 Million) 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 TGX net asset value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
True North Gems Inc Tangible Net Worth Ratio (2013–2015)
This chart shows how True North Gems Inc's Tangible Net Worth Ratio has changed across 3 annual periods from 2013 to 2015. As of December 2015, the ratio stands at 100.0%, reflecting net assets of CA$42.69 Million with intangible assets of CA$0.00 CAD. Also explore True North Gems Inc equity growth rate to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for True North Gems Inc (2013–2015)
The table below presents the year-by-year Tangible Net Worth Ratio for True North Gems Inc from 2013 to 2015, 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 TGX company net worth.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2015 | 100.0% | CA$42.69 Million | CA$0.00 | CA$50.73 Million | ▲ +0.0 pp |
| 2014 | 100.0% | CA$29.32 Million | CA$0.00 | CA$32.07 Million | ▲ +0.0 pp |
| 2013 | 100.0% | CA$22.75 Million | CA$0.00 | CA$25.26 Million | — |