Novo Integrated Sciences Inc Tangible Net Worth Ratio
Novo Integrated Sciences Inc 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. Check NVOS capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Novo Integrated Sciences Inc (2016–2024)
Tangible net worth ratio of Novo Integrated Sciences Inc from 2016 to 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. See how liquid is Novo Integrated Sciences Inc's working capital to evaluate short-term liquidity relative to the company's equity base.
Novo Integrated Sciences Inc Tangible Net Worth Ratio by Year (2016–2024)
Novo Integrated Sciences Inc tangible net worth ratio by year from 2016 to 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 live market cap and overall valuation, see NVOS market cap overview.
| 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 | — |