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. Also explore Fortnox AB equity growth rate to track the company's year-over-year net asset growth rate.
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. For live market cap and overall valuation, see FNOX stock market capitalisation.
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. Explore Fortnox AB capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
| 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 | — |