Western Gold Exploration Ltd (WGLD) — Tangible Net Worth Ratio
Western Gold Exploration Ltd (WGLD) has a Tangible Net Worth Ratio of 100.0% as of September 2025. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$829.81K) 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 WGLD working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Western Gold Exploration Ltd Tangible Net Worth Ratio (2019–2024)
This chart shows how Western Gold Exploration Ltd's Tangible Net Worth Ratio has changed across 6 annual periods from 2019 to 2024. As of September 2025, the ratio stands at 100.0%, reflecting net assets of CA$829.81K with intangible assets of CA$0.00 CAD. See how many days can Western Gold Exploration Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Western Gold Exploration Ltd (2019–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Western Gold Exploration Ltd from 2019 to 2024, covering 6 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 Western Gold Exploration Ltd market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 100.0% | CA$848.73K | CA$0.00 | CA$891.00K | ▲ +0.0 pp |
| 2023 | 100.0% | CA$1.44 Million | CA$0.00 | CA$1.48 Million | ▲ +0.0 pp |
| 2022 | 100.0% | CA$1.29 Million | CA$0.00 | CA$1.40 Million | ▲ +0.0 pp |
| 2021 | 100.0% | CA$5.85 Million | CA$0.00 | CA$5.91 Million | ▲ +0.0 pp |
| 2020 | 100.0% | CA$6.26 Million | CA$0.00 | CA$6.32 Million | ▲ +0.0 pp |
| 2019 | 100.0% | CA$2.47 Million | CA$0.00 | CA$2.79 Million | — |