Bavarian Nordic (BAVA) — Tangible Net Worth Ratio
Bavarian Nordic (BAVA) has a Tangible Net Worth Ratio of 53.7% as of December 2025. This metric is calculated by deducting intangible assets (Dkr5.96 Billion) from net assets (Dkr12.87 Billion) 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 Bavarian Nordic (BAVA) equity growth momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Bavarian Nordic Tangible Net Worth Ratio (2000–2025)
This chart shows how Bavarian Nordic's Tangible Net Worth Ratio has changed across 26 annual periods from 2000 to 2025. As of December 2025, the ratio stands at 53.7%, reflecting net assets of Dkr12.87 Billion with intangible assets of Dkr5.96 Billion DKK. For live market cap and overall valuation, see Bavarian Nordic (BAVA) market capitalisation.
Annual Tangible Net Worth Ratio for Bavarian Nordic (2000–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Bavarian Nordic from 2000 to 2025, covering 26 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 BAVA capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (DKK) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 53.7% | Dkr12.87 Billion | Dkr5.96 Billion | Dkr14.95 Billion | ▲ +9.2 pp |
| 2024 | 44.5% | Dkr11.41 Billion | Dkr6.33 Billion | Dkr14.41 Billion | ▲ +7.2 pp |
| 2023 | 37.3% | Dkr10.34 Billion | Dkr6.48 Billion | Dkr14.35 Billion | ▲ +20.4 pp |
| 2022 | 16.9% | Dkr7.15 Billion | Dkr5.94 Billion | Dkr12.39 Billion | ▼ -4.4 pp |
| 2021 | 21.3% | Dkr7.37 Billion | Dkr5.80 Billion | Dkr12.09 Billion | ▲ +29.4 pp |
| 2020 | -8.1% | Dkr4.89 Billion | Dkr5.29 Billion | Dkr8.76 Billion | ▲ +185.9 pp |
| 2019 | -194.0% | Dkr1.87 Billion | Dkr5.48 Billion | Dkr7.05 Billion | ▼ -292.5 pp |
| 2018 | 98.5% | Dkr2.18 Billion | Dkr32.50 Million | Dkr3.06 Billion | ▼ -0.2 pp |
| 2017 | 98.7% | Dkr2.51 Billion | Dkr32.99 Million | Dkr3.15 Billion | ▲ +2.8 pp |
| 2016 | 95.9% | Dkr2.02 Billion | Dkr83.02 Million | Dkr2.82 Billion | ▲ +3.9 pp |
| 2015 | 91.9% | Dkr1.34 Billion | Dkr108.19 Million | Dkr1.99 Billion | ▲ +0.7 pp |
| 2014 | 91.3% | Dkr1.25 Billion | Dkr109.19 Million | Dkr1.89 Billion | ▲ +2.0 pp |
| 2013 | 89.3% | Dkr976.29 Million | Dkr104.63 Million | Dkr1.45 Billion | ▲ +4.1 pp |
| 2012 | 85.1% | Dkr999.68 Million | Dkr148.49 Million | Dkr1.54 Billion | ▼ -3.9 pp |
| 2011 | 89.1% | Dkr1.21 Billion | Dkr131.93 Million | Dkr1.98 Billion | ▲ +5.6 pp |
| 2010 | 83.5% | Dkr810.43 Million | Dkr133.59 Million | Dkr1.47 Billion | ▲ +1.5 pp |
| 2009 | 82.0% | Dkr704.21 Million | Dkr126.80 Million | Dkr1.27 Billion | ▼ -9.4 pp |
| 2008 | 91.4% | Dkr1.02 Billion | Dkr87.23 Million | Dkr1.69 Billion | ▼ -6.6 pp |
| 2007 | 98.0% | Dkr1.22 Billion | Dkr24.36 Million | Dkr1.73 Billion | ▼ -0.1 pp |
| 2006 | 98.1% | Dkr691.40 Million | Dkr12.97 Million | Dkr954.42 Million | ▲ +1.1 pp |
| 2005 | 97.0% | Dkr630.10 Million | Dkr18.73 Million | Dkr928.56 Million | ▲ +0.0 pp |
| 2004 | 97.0% | Dkr315.39 Million | Dkr9.50 Million | Dkr602.10 Million | ▼ -1.4 pp |
| 2003 | 98.4% | Dkr347.00 Million | Dkr5.42 Million | Dkr429.17 Million | ▼ -0.9 pp |
| 2002 | 99.4% | Dkr196.44 Million | Dkr1.23 Million | Dkr317.70 Million | ▲ +0.0 pp |
| 2001 | 99.3% | Dkr44.14 Million | Dkr289.00K | Dkr61.87 Million | ▼ -0.5 pp |
| 2000 | 99.9% | Dkr62.33 Million | Dkr90.00K | Dkr83.69 Million | — |