Northann Corp. (NCLX) — Tangible Net Worth Ratio
Northann Corp. (NCLX) has a Tangible Net Worth Ratio of 39.9% as of March 2026. This metric is calculated by deducting intangible assets ($11.09 Million) from net assets ($18.45 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. Also explore Northann Corp. (NCLX) net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Northann Corp. Tangible Net Worth Ratio (2022–2025)
This chart shows how Northann Corp.'s Tangible Net Worth Ratio has changed across 4 annual periods from 2022 to 2025. As of March 2026, the ratio stands at 39.9%, reflecting net assets of $18.45 Million with intangible assets of $11.09 Million USD. For live market cap and overall valuation, see Northann Corp. stock valuation.
Annual Tangible Net Worth Ratio for Northann Corp. (2022–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Northann Corp. 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 financial flexibility index of Northann Corp. 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 | 89.0% | $9.01 Million | $994.93K | $20.44 Million | ▲ +26.6 pp |
| 2024 | 62.4% | $2.60 Million | $977.99K | $13.88 Million | ▲ +139.3 pp |
| 2023 | -77.0% | $582.61K | $1.03 Million | $13.62 Million | ▼ -122.6 pp |
| 2022 | 45.7% | $1.97 Million | $1.07 Million | $14.41 Million | — |