Covalon Technologies Ltd. (COV) — 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. Read total liabilities of Covalon Technologies Ltd. for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Covalon Technologies Ltd. Net Asset Quality Index Over Time (2005–2025)
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. For live market cap and overall valuation, see Covalon Technologies Ltd. market cap and net worth.
Annual Net Asset Quality Index for Covalon Technologies Ltd. (2005–2025)
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. Check COV PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
| 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 | — |