Panoro Energy ASA (PEN) — Tangible Net Worth Ratio
Panoro Energy ASA (PEN) has a Tangible Net Worth Ratio of 25.7% as of December 2025. This metric is calculated by deducting intangible assets (Nkr165.63 Million) from net assets (Nkr223.07 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 how liquid is Panoro Energy ASA's working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Panoro Energy ASA Tangible Net Worth Ratio (2009–2025)
This chart shows how Panoro Energy ASA's Tangible Net Worth Ratio has changed across 17 annual periods from 2009 to 2025. As of December 2025, the ratio stands at 25.7%, reflecting net assets of Nkr223.07 Million with intangible assets of Nkr165.63 Million NOK. See how many days can Panoro Energy ASA fund operations to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Panoro Energy ASA (2009–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Panoro Energy ASA from 2009 to 2025, covering 17 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 PEN market cap.
| Year | Tangible NW Ratio | Net Assets (NOK) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 25.0% | Nkr220.79 Million | Nkr165.63 Million | Nkr665.57 Million | ▼ -8.5 pp |
| 2024 | 33.5% | Nkr273.87 Million | Nkr182.13 Million | Nkr715.32 Million | ▲ +14.8 pp |
| 2023 | 18.7% | Nkr236.04 Million | Nkr191.87 Million | Nkr612.38 Million | ▲ +3.0 pp |
| 2022 | 15.8% | Nkr206.50 Million | Nkr173.97 Million | Nkr539.35 Million | ▲ +12.4 pp |
| 2021 | 3.4% | Nkr195.44 Million | Nkr188.83 Million | Nkr584.67 Million | ▼ -57.7 pp |
| 2020 | 61.0% | Nkr67.94 Million | Nkr26.48 Million | Nkr149.41 Million | ▲ +0.8 pp |
| 2019 | 60.3% | Nkr72.69 Million | Nkr28.88 Million | Nkr152.52 Million | ▲ +27.4 pp |
| 2018 | 32.9% | Nkr46.31 Million | Nkr31.08 Million | Nkr125.06 Million | ▼ -57.3 pp |
| 2017 | 90.2% | Nkr17.32 Million | Nkr1.69 Million | Nkr35.26 Million | ▲ +38.0 pp |
| 2016 | 52.2% | Nkr54.33 Million | Nkr25.97 Million | Nkr58.72 Million | ▲ +17.1 pp |
| 2015 | 35.1% | Nkr108.17 Million | Nkr70.19 Million | Nkr115.10 Million | ▼ -34.4 pp |
| 2014 | 69.5% | Nkr148.06 Million | Nkr45.17 Million | Nkr153.96 Million | ▲ +49.5 pp |
| 2013 | 20.0% | Nkr118.45 Million | Nkr94.75 Million | Nkr261.42 Million | ▼ -80.0 pp |
| 2012 | 100.0% | Nkr192.10 Million | Nkr0.00 | Nkr368.30 Million | ▲ +0.0 pp |
| 2011 | 100.0% | Nkr257.17 Million | Nkr0.00 | Nkr445.60 Million | ▲ +85.8 pp |
| 2010 | 14.2% | Nkr222.27 Million | Nkr190.81 Million | Nkr419.74 Million | ▲ +40.8 pp |
| 2009 | -26.6% | Nkr97.38 Million | Nkr123.30 Million | Nkr290.64 Million | — |