North American Construction Group Ltd (NOA) — Net Asset Quality Index
North American Construction Group Ltd (NOA) has a Net Asset Quality Index of 25.1% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$1.82 Billion minus total liabilities of CA$1.36 Billion yields net assets of CA$456.62 Million. A higher index indicates a stronger, lower-leverage balance sheet. Check NOA financial resilience to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
North American Construction Group Ltd Net Asset Quality Index Over Time (1999–2025)
This chart shows how North American Construction Group Ltd's Net Asset Quality Index has evolved across 27 annual periods from 1999 to 2025. As of December 2025, the index stands at 25.1%, representing net assets of CA$456.62 Million against total assets of CA$1.82 Billion CAD. See working capital to net assets of North American Construction Group Ltd to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for North American Construction Group Ltd (1999–2025)
The table below presents the year-by-year Net Asset Quality Index for North American Construction Group Ltd from 1999 to 2025, covering 27 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see NOA market cap overview.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 25.1% | CA$456.62 Million | CA$1.82 Billion | CA$1.36 Billion | ▲ +2.1 pp |
| 2024 | 23.0% | CA$388.90 Million | CA$1.69 Billion | CA$1.31 Billion | ▼ -0.1 pp |
| 2023 | 23.1% | CA$356.65 Million | CA$1.55 Billion | CA$1.19 Billion | ▼ -8.2 pp |
| 2022 | 31.2% | CA$305.92 Million | CA$979.51 Million | CA$673.59 Million | ▼ -0.8 pp |
| 2021 | 32.0% | CA$278.46 Million | CA$869.28 Million | CA$590.82 Million | ▲ +2.4 pp |
| 2020 | 29.6% | CA$248.44 Million | CA$838.93 Million | CA$590.49 Million | ▲ +6.9 pp |
| 2019 | 22.7% | CA$180.12 Million | CA$792.65 Million | CA$612.53 Million | ▲ +0.9 pp |
| 2018 | 21.8% | CA$150.22 Million | CA$689.80 Million | CA$539.59 Million | ▼ -16.3 pp |
| 2017 | 38.0% | CA$145.92 Million | CA$383.64 Million | CA$237.72 Million | ▼ -7.4 pp |
| 2016 | 45.4% | CA$158.95 Million | CA$350.08 Million | CA$191.13 Million | ▼ -2.2 pp |
| 2015 | 47.6% | CA$171.62 Million | CA$360.69 Million | CA$189.08 Million | ▲ +6.1 pp |
| 2014 | 41.5% | CA$189.58 Million | CA$456.58 Million | CA$267.00 Million | ▼ -1.5 pp |
| 2013 | 43.0% | CA$191.84 Million | CA$445.64 Million | CA$253.81 Million | ▲ +23.7 pp |
| 2012 | 19.4% | CA$127.94 Million | CA$659.94 Million | CA$531.99 Million | ▲ +2.3 pp |
| 2011 | 17.0% | CA$127.78 Million | CA$749.99 Million | CA$622.21 Million | ▼ -4.5 pp |
| 2010 | 21.6% | CA$147.27 Million | CA$682.96 Million | CA$535.69 Million | ▼ -4.2 pp |
| 2009 | 25.8% | CA$181.06 Million | CA$702.62 Million | CA$521.56 Million | ▲ +2.4 pp |
| 2008 | 23.4% | CA$147.44 Million | CA$630.05 Million | CA$482.62 Million | ▼ -12.3 pp |
| 2007 | 35.7% | CA$283.36 Million | CA$793.60 Million | CA$510.23 Million | ▲ +1.3 pp |
| 2006 | 34.4% | CA$244.28 Million | CA$710.74 Million | CA$466.46 Million | ▲ +25.4 pp |
| 2005 | 8.9% | CA$52.53 Million | CA$586.91 Million | CA$534.39 Million | ▼ -5.0 pp |
| 2004 | 14.0% | CA$73.54 Million | CA$526.67 Million | CA$453.13 Million | ▼ -11.2 pp |
| 2003 | 25.1% | CA$123.08 Million | CA$489.39 Million | CA$366.31 Million | ▲ +6.3 pp |
| 2002 | 18.8% | CA$29.82 Million | CA$158.58 Million | CA$128.77 Million | ▲ +4.4 pp |
| 2001 | 14.4% | CA$17.38 Million | CA$120.43 Million | CA$103.05 Million | ▲ +1.5 pp |
| 2000 | 12.9% | CA$16.77 Million | CA$129.53 Million | CA$112.76 Million | ▼ -4.2 pp |
| 1999 | 17.2% | CA$16.68 Million | CA$97.24 Million | CA$80.56 Million | — |