Cavendish Hydrogen ASA (CAVEN) — Tangible Net Worth Ratio
Cavendish Hydrogen ASA (CAVEN) has a Tangible Net Worth Ratio of 77.6% as of September 2025. This metric is calculated by deducting intangible assets (Nkr12.20 Million) from net assets (Nkr54.40 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 Cavendish Hydrogen ASA (CAVEN) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Cavendish Hydrogen ASA Tangible Net Worth Ratio (2020–2024)
This chart shows how Cavendish Hydrogen ASA's Tangible Net Worth Ratio has changed across 5 annual periods from 2020 to 2024. As of September 2025, the ratio stands at 77.6%, reflecting net assets of Nkr54.40 Million with intangible assets of Nkr12.20 Million NOK. See defensive interval ratio of Cavendish Hydrogen ASA to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Cavendish Hydrogen ASA (2020–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Cavendish Hydrogen ASA from 2020 to 2024, covering 5 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 market cap of Cavendish Hydrogen ASA.
| Year | Tangible NW Ratio | Net Assets (NOK) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 82.8% | Nkr73.10 Million | Nkr12.61 Million | Nkr95.30 Million | ▲ +23.4 pp |
| 2023 | 59.4% | Nkr21.36 Million | Nkr8.68 Million | Nkr69.89 Million | ▲ +97.7 pp |
| 2022 | -38.4% | Nkr5.75 Million | Nkr7.95 Million | Nkr82.27 Million | ▼ -108.7 pp |
| 2021 | 70.4% | Nkr38.78 Million | Nkr11.49 Million | Nkr97.59 Million | ▲ +0.2 pp |
| 2020 | 70.2% | Nkr33.85 Million | Nkr10.09 Million | Nkr81.35 Million | — |