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. Also explore Therma Bright Inc (THRM) net asset momentum to track the company's year-over-year net asset growth rate.
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. For live market cap and overall valuation, see how much is Therma Bright Inc worth.
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. Explore Therma Bright Inc (THRM) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| 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 | — |