Photocure (PHO) — Tangible Net Worth Ratio
Photocure (PHO) has a Tangible Net Worth Ratio of 81.5% as of June 2026. This metric is calculated by deducting intangible assets (Nkr112.31 Million) from net assets (Nkr606.75 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 Photocure (PHO) equity growth momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Photocure Tangible Net Worth Ratio (2000–2025)
This chart shows how Photocure's Tangible Net Worth Ratio has changed across 26 annual periods from 2000 to 2025. As of June 2026, the ratio stands at 81.5%, reflecting net assets of Nkr606.75 Million with intangible assets of Nkr112.31 Million NOK. For live market cap and overall valuation, see PHO stock market capitalisation.
Annual Tangible Net Worth Ratio for Photocure (2000–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Photocure from 2000 to 2025, covering 26 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. Explore reinvestment intensity of Photocure to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (NOK) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 83.6% | Nkr484.23 Million | Nkr79.19 Million | Nkr707.06 Million | ▲ +2.8 pp |
| 2024 | 80.9% | Nkr501.72 Million | Nkr95.86 Million | Nkr739.09 Million | ▲ +4.2 pp |
| 2023 | 76.7% | Nkr482.85 Million | Nkr112.54 Million | Nkr711.97 Million | ▲ +5.0 pp |
| 2022 | 71.7% | Nkr462.73 Million | Nkr130.88 Million | Nkr719.03 Million | ▲ +1.0 pp |
| 2021 | 70.7% | Nkr502.63 Million | Nkr147.04 Million | Nkr789.65 Million | ▲ +2.7 pp |
| 2020 | 68.0% | Nkr508.13 Million | Nkr162.55 Million | Nkr776.05 Million | ▼ -26.4 pp |
| 2019 | 94.4% | Nkr208.59 Million | Nkr11.61 Million | Nkr257.35 Million | ▲ +7.2 pp |
| 2018 | 87.2% | Nkr176.34 Million | Nkr22.50 Million | Nkr231.20 Million | ▲ +2.5 pp |
| 2017 | 84.7% | Nkr218.08 Million | Nkr33.31 Million | Nkr263.10 Million | ▼ -4.8 pp |
| 2016 | 89.5% | Nkr251.94 Million | Nkr26.39 Million | Nkr285.85 Million | ▼ -4.8 pp |
| 2015 | 94.3% | Nkr210.06 Million | Nkr11.88 Million | Nkr248.06 Million | ▼ -5.6 pp |
| 2014 | 100.0% | Nkr240.06 Million | Nkr38.00K | Nkr270.58 Million | ▲ +0.0 pp |
| 2013 | 100.0% | Nkr269.12 Million | Nkr117.00K | Nkr301.73 Million | ▲ +0.0 pp |
| 2012 | 99.9% | Nkr380.27 Million | Nkr209.00K | Nkr432.98 Million | ▲ +0.0 pp |
| 2011 | 99.9% | Nkr439.34 Million | Nkr306.00K | Nkr509.18 Million | ▲ +0.0 pp |
| 2010 | 99.9% | Nkr458.85 Million | Nkr466.00K | Nkr513.84 Million | ▼ 0.0 pp |
| 2009 | 99.9% | Nkr415.78 Million | Nkr365.00K | Nkr456.86 Million | ▲ +0.2 pp |
| 2008 | 99.7% | Nkr199.69 Million | Nkr534.00K | Nkr237.85 Million | ▲ +0.0 pp |
| 2007 | 99.7% | Nkr259.99 Million | Nkr779.00K | Nkr301.39 Million | ▼ -0.1 pp |
| 2006 | 99.8% | Nkr326.94 Million | Nkr780.00K | Nkr375.42 Million | ▼ -0.2 pp |
| 2005 | 100.0% | Nkr48.47 Million | Nkr0.00 | Nkr105.70 Million | ▲ +0.0 pp |
| 2004 | 100.0% | Nkr85.57 Million | Nkr0.00 | Nkr173.71 Million | ▲ +0.0 pp |
| 2003 | 100.0% | Nkr131.90 Million | Nkr0.00 | Nkr233.40 Million | ▲ +0.0 pp |
| 2002 | 100.0% | Nkr167.00 Million | Nkr0.00 | Nkr299.01 Million | ▲ +0.0 pp |
| 2001 | 100.0% | Nkr259.40 Million | Nkr0.00 | Nkr319.57 Million | ▲ +0.0 pp |
| 2000 | 100.0% | Nkr357.36 Million | Nkr0.00 | Nkr404.85 Million | — |