Red Cat Holdings Inc (RCAT) — Tangible Net Worth Ratio
Red Cat Holdings Inc (RCAT) has a Tangible Net Worth Ratio of 94.8% as of April 2026. This metric is calculated by deducting intangible assets ($12.49 Million) from net assets ($238.74 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 Red Cat Holdings Inc book value and equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Red Cat Holdings Inc Tangible Net Worth Ratio (1996–2026)
This chart shows how Red Cat Holdings Inc's Tangible Net Worth Ratio has changed across 15 annual periods from 1996 to 2026. As of April 2026, the ratio stands at 94.8%, reflecting net assets of $238.74 Million with intangible assets of $12.49 Million USD. Also explore net asset momentum of Red Cat Holdings Inc to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Red Cat Holdings Inc (1996–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Red Cat Holdings Inc from 1996 to 2026, covering 15 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 how much is Red Cat Holdings Inc worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 97.2% | $245.83 Million | $6.92 Million | $273.68 Million | ▲ +14.1 pp |
| 2025 | 83.1% | $50.12 Million | $8.45 Million | $55.60 Million | ▼ -8.2 pp |
| 2024 | 91.3% | $43.56 Million | $3.79 Million | $48.54 Million | ▲ +3.9 pp |
| 2023 | 87.4% | $54.77 Million | $6.89 Million | $60.74 Million | ▼ -9.1 pp |
| 2022 | 96.5% | $77.92 Million | $2.70 Million | $85.08 Million | ▲ +35.1 pp |
| 2021 | 61.4% | $5.27 Million | $2.03 Million | $11.69 Million | ▼ -37.3 pp |
| 2020 | 98.7% | $1.53 Million | $20.00K | $2.81 Million | ▲ +84.5 pp |
| 2015 | 14.2% | $1.27 Million | $1.09 Million | $1.57 Million | ▲ +2689.0 pp |
| 2014 | -2674.7% | $279.34K | $7.75 Million | $307.05K | ▼ -2774.7 pp |
| 2013 | 100.0% | $48.67K | $0.00 | $151.21K | ▲ +58.1 pp |
| 2000 | 41.9% | $2.10 Million | $1.22 Million | $3.58 Million | ▲ +49.7 pp |
| 1999 | -7.8% | $1.16 Million | $1.25 Million | $3.36 Million | ▼ -26.4 pp |
| 1998 | 18.7% | $1.50 Million | $1.22 Million | $3.66 Million | ▲ +23.8 pp |
| 1997 | -5.2% | $1.16 Million | $1.22 Million | $4.52 Million | ▲ +4.7 pp |
| 1996 | -9.9% | $1.11 Million | $1.22 Million | $3.55 Million | — |