Torq Resources Inc (TORQ) — Tangible Net Worth Ratio
Torq Resources Inc (TORQ) has a Tangible Net Worth Ratio of 100.0% as of March 2024. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$1.34 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 Torq Resources Inc (TORQ) equity growth momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Torq Resources Inc Tangible Net Worth Ratio (2004–2023)
This chart shows how Torq Resources Inc's Tangible Net Worth Ratio has changed across 19 annual periods from 2004 to 2023. As of March 2024, the ratio stands at 100.0%, reflecting net assets of CA$1.34 Million with intangible assets of CA$0.00 CAD. For live market cap and overall valuation, see how much is Torq Resources Inc worth.
Annual Tangible Net Worth Ratio for Torq Resources Inc (2004–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Torq Resources Inc from 2004 to 2023, covering 19 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 TORQ capex to operating cash flow 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) |
|---|---|---|---|---|---|
| 2023 | 100.0% | CA$1.04 Million | CA$0.00 | CA$4.21 Million | ▲ +0.0 pp |
| 2022 | 100.0% | CA$12.00 Million | CA$0.00 | CA$15.61 Million | ▲ +0.0 pp |
| 2021 | 100.0% | CA$3.31 Million | CA$0.00 | CA$3.99 Million | ▲ +0.0 pp |
| 2020 | 100.0% | CA$8.89 Million | CA$0.00 | CA$9.09 Million | ▲ +0.0 pp |
| 2019 | 100.0% | CA$10.83 Million | CA$0.00 | CA$11.05 Million | ▲ +0.0 pp |
| 2018 | 100.0% | CA$12.37 Million | CA$0.00 | CA$12.67 Million | ▲ +0.0 pp |
| 2017 | 100.0% | CA$17.67 Million | CA$0.00 | CA$18.02 Million | ▲ +0.0 pp |
| 2016 | 100.0% | CA$5.94 Million | CA$0.00 | CA$6.79 Million | ▲ +0.0 pp |
| 2014 | 100.0% | CA$45.91K | CA$0.00 | CA$687.46K | ▲ +0.0 pp |
| 2013 | 100.0% | CA$178.80K | CA$0.00 | CA$836.53K | ▲ +0.0 pp |
| 2012 | 100.0% | CA$408.28K | CA$0.00 | CA$1.34 Million | ▲ +0.0 pp |
| 2011 | 100.0% | CA$15.64 Million | CA$0.00 | CA$16.64 Million | ▲ +0.0 pp |
| 2010 | 100.0% | CA$308.07K | CA$0.00 | CA$321.33K | ▲ +0.0 pp |
| 2009 | 100.0% | CA$684.23K | CA$0.00 | CA$714.29K | ▲ +0.0 pp |
| 2008 | 100.0% | CA$2.32 Million | CA$0.00 | CA$2.34 Million | ▲ +0.0 pp |
| 2007 | 100.0% | CA$5.65 Million | CA$0.00 | CA$5.95 Million | ▲ +0.0 pp |
| 2006 | 100.0% | CA$813.84K | CA$0.00 | CA$945.20K | ▲ +0.0 pp |
| 2005 | 100.0% | CA$574.48K | CA$1.00 | CA$696.10K | ▼ 0.0 pp |
| 2004 | 100.0% | CA$128.90K | CA$0.00 | CA$193.76K | — |