Cardiol Therapeutics Inc Class A (CRDL) — Tangible Net Worth Ratio
Cardiol Therapeutics Inc Class A (CRDL) has a Tangible Net Worth Ratio of 100.0% as of December 2025. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$17.88 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 CRDL net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Cardiol Therapeutics Inc Class A Tangible Net Worth Ratio (2017–2025)
This chart shows how Cardiol Therapeutics Inc Class A's Tangible Net Worth Ratio has changed across 9 annual periods from 2017 to 2025. As of December 2025, the ratio stands at 100.0%, reflecting net assets of CA$17.88 Million with intangible assets of CA$0.00 CAD. For live market cap and overall valuation, see CRDL company net worth.
Annual Tangible Net Worth Ratio for Cardiol Therapeutics Inc Class A (2017–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Cardiol Therapeutics Inc Class A from 2017 to 2025, covering 9 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. See how financially flexible is Cardiol Therapeutics Inc Class A to measure the company's free cash flow as a share of total liabilities.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 100.0% | CA$17.88 Million | CA$0.00 | CA$23.62 Million | ▲ +0.0 pp |
| 2024 | 100.0% | CA$24.73 Million | CA$0.00 | CA$31.86 Million | ▲ +0.7 pp |
| 2023 | 99.3% | CA$28.25 Million | CA$210.36K | CA$36.70 Million | ▼ -0.2 pp |
| 2022 | 99.4% | CA$52.20 Million | CA$294.80K | CA$62.03 Million | ▼ -0.1 pp |
| 2021 | 99.5% | CA$76.24 Million | CA$379.25K | CA$87.88 Million | ▲ +3.0 pp |
| 2020 | 96.5% | CA$13.27 Million | CA$463.69K | CA$15.89 Million | ▲ +0.2 pp |
| 2019 | 96.3% | CA$14.67 Million | CA$548.13K | CA$15.50 Million | ▼ -0.9 pp |
| 2018 | 97.2% | CA$22.27 Million | CA$632.58K | CA$24.68 Million | ▲ +22.3 pp |
| 2017 | 74.9% | CA$2.85 Million | CA$717.02K | CA$3.22 Million | — |