Covalon Technologies Ltd. Net Asset Quality Index
Covalon Technologies Ltd. net asset quality index. Covalon Technologies Ltd. (COV) has a Net Asset Quality Index of 80.5% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$32.80 Million minus total liabilities of CA$6.41 Million yields net assets of CA$26.39 Million. A higher index indicates a stronger, lower-leverage balance sheet. Check Covalon Technologies Ltd. (COV) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of Covalon Technologies Ltd. (2005–2025)
Net asset quality index of Covalon Technologies Ltd. from 2005 to 2025. This chart shows how Covalon Technologies Ltd.'s Net Asset Quality Index has evolved across 21 annual periods from 2005 to 2025. As of December 2025, the index stands at 80.5%, representing net assets of CA$26.39 Million against total assets of CA$32.80 Million CAD. See Covalon Technologies Ltd. book value and equity for net asset value and shareholders' equity analysis.
Covalon Technologies Ltd. Net Asset Quality Index by Year (2005–2025)
Covalon Technologies Ltd. net asset quality index by year from 2005 to 2025. The table below presents the year-by-year Net Asset Quality Index for Covalon Technologies Ltd. from 2005 to 2025, covering 21 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 live market cap and overall valuation, see market cap of Covalon Technologies Ltd..
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 85.1% | CA$30.73 Million | CA$36.12 Million | CA$5.40 Million | ▼ -1.4 pp |
| 2024 | 86.5% | CA$27.50 Million | CA$31.81 Million | CA$4.30 Million | ▲ +11.0 pp |
| 2023 | 75.5% | CA$18.79 Million | CA$24.90 Million | CA$6.11 Million | ▼ -4.3 pp |
| 2022 | 79.8% | CA$24.23 Million | CA$30.38 Million | CA$6.15 Million | ▼ -2.5 pp |
| 2021 | 82.2% | CA$33.37 Million | CA$40.58 Million | CA$7.21 Million | ▲ +56.0 pp |
| 2020 | 26.2% | CA$9.11 Million | CA$34.70 Million | CA$25.59 Million | ▼ -11.4 pp |
| 2019 | 37.7% | CA$14.93 Million | CA$39.61 Million | CA$24.68 Million | ▼ -28.9 pp |
| 2018 | 66.6% | CA$13.12 Million | CA$19.71 Million | CA$6.58 Million | ▼ -8.5 pp |
| 2017 | 75.0% | CA$8.98 Million | CA$11.97 Million | CA$2.99 Million | ▲ +16.4 pp |
| 2016 | 58.7% | CA$3.81 Million | CA$6.49 Million | CA$2.68 Million | ▼ -4.0 pp |
| 2015 | 62.7% | CA$4.79 Million | CA$7.63 Million | CA$2.84 Million | ▼ -6.7 pp |
| 2014 | 69.4% | CA$5.53 Million | CA$7.96 Million | CA$2.43 Million | ▲ +17.5 pp |
| 2013 | 52.0% | CA$2.95 Million | CA$5.67 Million | CA$2.72 Million | ▼ -2.3 pp |
| 2012 | 54.2% | CA$3.23 Million | CA$5.96 Million | CA$2.73 Million | ▼ -21.0 pp |
| 2011 | 75.3% | CA$7.02 Million | CA$9.32 Million | CA$2.31 Million | ▲ +1.9 pp |
| 2010 | 73.4% | CA$7.57 Million | CA$10.32 Million | CA$2.75 Million | ▼ -11.7 pp |
| 2009 | 85.0% | CA$10.94 Million | CA$12.87 Million | CA$1.93 Million | ▼ -1.8 pp |
| 2008 | 86.8% | CA$15.02 Million | CA$17.29 Million | CA$2.28 Million | ▼ -0.1 pp |
| 2007 | 86.9% | CA$17.59 Million | CA$20.24 Million | CA$2.65 Million | ▼ -7.1 pp |
| 2006 | 94.0% | CA$8.27 Million | CA$8.79 Million | CA$527.43K | ▲ +9.7 pp |
| 2005 | 84.3% | CA$3.79 Million | CA$4.50 Million | CA$707.83K | — |