Kingsway Corporation (KWY) — Tangible Net Worth Ratio
Kingsway Corporation (KWY) has a Tangible Net Worth Ratio of -49.9% as of June 2026. This metric is calculated by deducting intangible assets ($48.49 Million) from net assets ($32.34 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. For live market cap and overall valuation, see Kingsway Corporation market cap and net worth.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Kingsway Corporation Tangible Net Worth Ratio (2022–2025)
This chart shows how Kingsway Corporation's Tangible Net Worth Ratio has changed across 4 annual periods from 2022 to 2025. As of June 2026, the ratio stands at -49.9%, reflecting net assets of $32.34 Million with intangible assets of $48.49 Million USD. Also explore Kingsway Corporation (KWY) net asset momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Kingsway Corporation (2022–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Kingsway Corporation from 2022 to 2025, covering 4 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 Kingsway Corporation financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -51.9% | $34.41 Million | $52.27 Million | $231.50 Million | ▲ +66.9 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 | — |