Therma Bright Inc (THRM) — Tangible Net Worth Ratio
Therma Bright Inc (THRM) has a Tangible Net Worth Ratio of 58.8% as of April 2025. This metric is calculated by deducting intangible assets (CA$471.21K) from net assets (CA$1.14 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 how liquid is Therma Bright Inc's working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Therma Bright Inc Tangible Net Worth Ratio (2001–2024)
This chart shows how Therma Bright Inc's Tangible Net Worth Ratio has changed across 7 annual periods from 2001 to 2024. As of April 2025, the ratio stands at 58.8%, reflecting net assets of CA$1.14 Million with intangible assets of CA$471.21K CAD. See THRM defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Therma Bright Inc (2001–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Therma Bright Inc from 2001 to 2024, covering 7 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 Therma Bright Inc stock valuation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 60.8% | CA$1.32 Million | CA$519.65K | CA$3.19 Million | ▲ +1353.2 pp |
| 2023 | -1292.4% | CA$44.79K | CA$623.69K | CA$2.21 Million | ▼ -1388.6 pp |
| 2022 | 96.2% | CA$2.75 Million | CA$105.18K | CA$4.00 Million | ▲ +11.8 pp |
| 2021 | 84.4% | CA$1.32 Million | CA$205.65K | CA$2.24 Million | ▲ +4.4 pp |
| 2020 | 80.0% | CA$223.97K | CA$44.79K | CA$1.15 Million | ▼ -0.8 pp |
| 2002 | 80.8% | CA$1.61 Million | CA$309.25K | CA$1.68 Million | ▼ -19.2 pp |
| 2001 | 100.0% | CA$633.46K | CA$0.00 | CA$641.82K | — |