Fortnox AB (FNOX) — Tangible Net Worth Ratio
Fortnox AB (FNOX) has a Tangible Net Worth Ratio of 78.1% as of March 2025. This metric is calculated by deducting intangible assets (Skr562.00 Million) from net assets (Skr2.57 Billion) 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 Fortnox AB current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Fortnox AB Tangible Net Worth Ratio (2008–2024)
This chart shows how Fortnox AB's Tangible Net Worth Ratio has changed across 17 annual periods from 2008 to 2024. As of March 2025, the ratio stands at 78.1%, reflecting net assets of Skr2.57 Billion with intangible assets of Skr562.00 Million SEK. See Fortnox AB liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Fortnox AB (2008–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Fortnox AB from 2008 to 2024, 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 market value of Fortnox AB.
| Year | Tangible NW Ratio | Net Assets (SEK) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 76.5% | Skr2.36 Billion | Skr555.00 Million | Skr3.40 Billion | ▲ +7.3 pp |
| 2023 | 69.2% | Skr1.77 Billion | Skr545.00 Million | Skr2.65 Billion | ▲ +8.1 pp |
| 2022 | 61.2% | Skr1.28 Billion | Skr497.40 Million | Skr2.30 Billion | ▼ -0.1 pp |
| 2021 | 61.3% | Skr981.71 Million | Skr380.09 Million | Skr1.97 Billion | ▼ -12.9 pp |
| 2020 | 74.1% | Skr469.26 Million | Skr121.38 Million | Skr931.42 Million | ▲ +8.6 pp |
| 2019 | 65.5% | Skr280.45 Million | Skr96.66 Million | Skr552.40 Million | ▲ +16.5 pp |
| 2018 | 49.0% | Skr165.34 Million | Skr84.27 Million | Skr401.88 Million | ▲ +23.9 pp |
| 2017 | 25.1% | Skr99.08 Million | Skr74.17 Million | Skr323.14 Million | ▲ +23.7 pp |
| 2016 | 1.5% | Skr58.71 Million | Skr57.84 Million | Skr156.54 Million | ▲ +24.2 pp |
| 2015 | -22.7% | Skr36.88 Million | Skr45.27 Million | Skr110.44 Million | ▼ -41.8 pp |
| 2014 | 19.1% | Skr26.71 Million | Skr21.62 Million | Skr72.55 Million | ▼ -66.8 pp |
| 2013 | 85.9% | Skr39.77 Million | Skr5.62 Million | Skr52.83 Million | ▼ -3.8 pp |
| 2012 | 89.6% | Skr36.40 Million | Skr3.78 Million | Skr45.64 Million | ▼ -10.4 pp |
| 2011 | 100.0% | Skr31.73 Million | Skr0.00 | Skr39.06 Million | ▲ +0.0 pp |
| 2010 | 100.0% | Skr25.48 Million | Skr0.00 | Skr30.25 Million | ▲ +0.0 pp |
| 2009 | 100.0% | Skr23.14 Million | Skr0.00 | Skr30.16 Million | ▲ +0.0 pp |
| 2008 | 100.0% | Skr18.55 Million | Skr0.00 | Skr23.06 Million | — |