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. See Bavarian Nordic (BAVA) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
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. See BAVA days of operational coverage to measure how many days the company can operate on defensive assets alone.
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. For the full company profile including market capitalisation, see Bavarian Nordic market cap and net worth.
| 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 | — |