Netcapital Inc (NCPL) — Tangible Net Worth Ratio
Netcapital Inc (NCPL) has a Tangible Net Worth Ratio of 11.3% as of January 2026. This metric is calculated by deducting intangible assets ($19.15 Million) from net assets ($21.60 Million) 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 Netcapital Inc (NCPL) net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Netcapital Inc Tangible Net Worth Ratio (2020–2025)
This chart shows how Netcapital Inc's Tangible Net Worth Ratio has changed across 6 annual periods from 2020 to 2025. As of January 2026, the ratio stands at 11.3%, reflecting net assets of $21.60 Million with intangible assets of $19.15 Million USD. For live market cap and overall valuation, see Netcapital Inc market capitalisation.
Annual Tangible Net Worth Ratio for Netcapital Inc (2020–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Netcapital Inc from 2020 to 2025, covering 6 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. See Netcapital Inc (NCPL) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 1.4% | $14.91 Million | $14.70 Million | $20.90 Million | ▼ -59.8 pp |
| 2024 | 61.2% | $37.94 Million | $14.73 Million | $41.56 Million | ▲ +5.1 pp |
| 2023 | 56.1% | $36.16 Million | $15.88 Million | $41.82 Million | ▲ +17.7 pp |
| 2022 | 38.4% | $25.24 Million | $15.54 Million | $31.76 Million | ▲ +42.8 pp |
| 2021 | -4.4% | $14.18 Million | $14.80 Million | $25.72 Million | ▼ -83.3 pp |
| 2020 | 78.9% | $679.16K | $143.46K | $2.21 Million | — |