Novo Integrated Sciences Inc (NVOS) — Tangible Net Worth Ratio
Novo Integrated Sciences Inc (NVOS) has a Tangible Net Worth Ratio of 8.5% as of November 2024. This metric is calculated by deducting intangible assets ($13.37 Million) from net assets ($14.61 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. See Novo Integrated Sciences Inc net assets for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Novo Integrated Sciences Inc Tangible Net Worth Ratio (2016–2024)
This chart shows how Novo Integrated Sciences Inc's Tangible Net Worth Ratio has changed across 8 annual periods from 2016 to 2024. As of November 2024, the ratio stands at 8.5%, reflecting net assets of $14.61 Million with intangible assets of $13.37 Million USD. Also explore net asset growth rate of Novo Integrated Sciences Inc to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Novo Integrated Sciences Inc (2016–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Novo Integrated Sciences Inc from 2016 to 2024, covering 8 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 NVOS market cap.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 8.5% | $14.61 Million | $13.37 Million | $32.14 Million | ▼ -25.3 pp |
| 2023 | 33.8% | $24.50 Million | $16.22 Million | $35.56 Million | ▲ +6.3 pp |
| 2022 | 27.5% | $44.43 Million | $32.19 Million | $71.79 Million | ▲ +0.7 pp |
| 2021 | 26.9% | $43.80 Million | $32.03 Million | $61.96 Million | ▲ +16.9 pp |
| 2020 | 10.0% | $29.57 Million | $26.62 Million | $35.39 Million | ▼ -2.5 pp |
| 2019 | 12.5% | $25.54 Million | $22.36 Million | $32.27 Million | ▼ -87.5 pp |
| 2018 | 100.0% | $172.77K | $0.60 | $4.74 Million | ▲ +93.2 pp |
| 2016 | 6.8% | $14.75K | $13.75K | $27.87K | — |