Kingsway Financial Services Inc (KFS) — Tangible Net Worth Ratio
Kingsway Financial Services Inc (KFS) has a Tangible Net Worth Ratio of -53.3% as of September 2025. This metric is calculated by deducting intangible assets ($54.92 Million) from net assets ($35.82 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 KFS net assets for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Kingsway Financial Services Inc Tangible Net Worth Ratio (1998–2024)
This chart shows how Kingsway Financial Services Inc's Tangible Net Worth Ratio has changed across 27 annual periods from 1998 to 2024. As of September 2025, the ratio stands at -53.3%, reflecting net assets of $35.82 Million with intangible assets of $54.92 Million USD. Also explore net asset growth rate of Kingsway Financial Services Inc to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Kingsway Financial Services Inc (1998–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Kingsway Financial Services Inc from 1998 to 2024, covering 27 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 KFS market cap overview.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | -118.8% | $18.30 Million | $40.05 Million | $186.62 Million | ▼ -73.9 pp |
| 2023 | -44.9% | $24.61 Million | $35.67 Million | $197.72 Million | ▲ +4.7 pp |
| 2022 | -49.6% | $22.12 Million | $33.10 Million | $285.65 Million | ▲ +23.1 pp |
| 2021 | -72.7% | $62.67 Million | $108.23 Million | $475.63 Million | ▼ -44.2 pp |
| 2020 | -28.5% | $65.47 Million | $84.13 Million | $452.47 Million | ▲ +209.6 pp |
| 2019 | -238.1% | $24.79 Million | $83.82 Million | $357.34 Million | ▲ +117.9 pp |
| 2018 | -356.0% | $18.26 Million | $83.27 Million | $378.24 Million | ▼ -278.3 pp |
| 2017 | -77.7% | $49.31 Million | $87.61 Million | $484.60 Million | ▼ -37.0 pp |
| 2016 | -40.7% | $63.26 Million | $89.02 Million | $501.02 Million | ▼ -111.3 pp |
| 2015 | 70.6% | $50.10 Million | $14.74 Million | $241.02 Million | ▲ +68.7 pp |
| 2014 | 1.9% | $48.20 Million | $47.30 Million | $301.72 Million | ▲ +34.4 pp |
| 2013 | -32.5% | $36.92 Million | $48.92 Million | $324.64 Million | ▼ -55.2 pp |
| 2012 | 22.7% | $65.41 Million | $50.58 Million | $372.80 Million | ▼ -43.7 pp |
| 2011 | 66.4% | $116.41 Million | $39.12 Million | $374.08 Million | ▲ +12.8 pp |
| 2010 | 53.6% | $94.81 Million | $43.96 Million | $519.58 Million | ▼ -24.2 pp |
| 2009 | 77.8% | $169.34 Million | $37.57 Million | $1.96 Billion | ▼ -12.1 pp |
| 2008 | 89.9% | $453.57 Million | $45.78 Million | $3.34 Billion | ▲ +2.3 pp |
| 2007 | 87.6% | $940.80 Million | $116.77 Million | $4.66 Billion | ▼ -2.3 pp |
| 2006 | 89.9% | $900.96 Million | $90.85 Million | $4.05 Billion | ▼ -1.2 pp |
| 2005 | 91.2% | $804.72 Million | $71.13 Million | $3.80 Billion | ▲ +1.3 pp |
| 2004 | 89.9% | $666.42 Million | $67.31 Million | $3.52 Billion | ▲ +2.1 pp |
| 2003 | 87.8% | $543.63 Million | $66.20 Million | $2.80 Billion | ▲ +4.8 pp |
| 2002 | 83.0% | $389.33 Million | $66.24 Million | $1.90 Billion | ▼ -2.8 pp |
| 2001 | 85.7% | $337.22 Million | $48.07 Million | $1.12 Billion | ▼ -6.6 pp |
| 2000 | 92.4% | $687.34 Million | $52.52 Million | $782.77 Million | ▲ +1.1 pp |
| 1999 | 91.2% | $632.80 Million | $55.47 Million | $738.43 Million | ▼ -1.5 pp |
| 1998 | 92.8% | $593.71 Million | $42.84 Million | $659.40 Million | — |