Visible Gold Mines Inc (VGD) — Tangible Net Worth Ratio
Visible Gold Mines Inc (VGD) has a Tangible Net Worth Ratio of 100.0% as of January 2026. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$2.62 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 Visible Gold Mines Inc equity growth rate to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Visible Gold Mines Inc Tangible Net Worth Ratio (2007–2023)
This chart shows how Visible Gold Mines Inc's Tangible Net Worth Ratio has changed across 17 annual periods from 2007 to 2023. As of January 2026, the ratio stands at 100.0%, reflecting net assets of CA$2.62 Million with intangible assets of CA$0.00 CAD. For live market cap and overall valuation, see VGD market cap overview.
Annual Tangible Net Worth Ratio for Visible Gold Mines Inc (2007–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Visible Gold Mines Inc from 2007 to 2023, covering 17 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 reinvestment intensity of Visible Gold Mines Inc 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$541.53K | CA$0.00 | CA$796.95K | ▲ +0.0 pp |
| 2022 | 100.0% | CA$1.36 Million | CA$0.00 | CA$1.48 Million | ▲ +0.0 pp |
| 2021 | 100.0% | CA$5.43 Million | CA$0.00 | CA$5.48 Million | ▲ +0.0 pp |
| 2020 | 100.0% | CA$4.80 Million | CA$0.00 | CA$5.20 Million | ▲ +0.0 pp |
| 2019 | 100.0% | CA$4.70 Million | CA$0.00 | CA$5.14 Million | ▲ +0.0 pp |
| 2018 | 100.0% | CA$7.85 Million | CA$0.00 | CA$8.23 Million | ▲ +0.0 pp |
| 2017 | 100.0% | CA$8.14 Million | CA$0.00 | CA$8.23 Million | ▲ +0.0 pp |
| 2016 | 100.0% | CA$8.81 Million | CA$0.00 | CA$9.01 Million | ▲ +0.0 pp |
| 2015 | 100.0% | CA$7.69 Million | CA$0.00 | CA$8.00 Million | ▲ +0.0 pp |
| 2014 | 100.0% | CA$9.87 Million | CA$0.00 | CA$10.03 Million | ▲ +0.0 pp |
| 2013 | 100.0% | CA$10.69 Million | CA$0.00 | CA$10.97 Million | ▲ +0.0 pp |
| 2012 | 100.0% | CA$13.22 Million | CA$0.00 | CA$14.20 Million | ▲ +0.0 pp |
| 2011 | 100.0% | CA$12.07 Million | CA$0.00 | CA$13.44 Million | ▲ +0.0 pp |
| 2010 | 100.0% | CA$4.59 Million | CA$0.00 | CA$4.68 Million | ▲ +0.0 pp |
| 2009 | 100.0% | CA$5.08 Million | CA$0.00 | CA$5.21 Million | ▲ +0.0 pp |
| 2008 | 100.0% | CA$5.10 Million | CA$0.00 | CA$5.86 Million | ▲ +0.0 pp |
| 2007 | 100.0% | CA$5.52 Million | CA$0.00 | CA$5.75 Million | — |