Electrovaya Inc. (ELVA) — Tangible Net Worth Ratio
Electrovaya Inc. (ELVA) 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$60.49 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 Electrovaya Inc. book value and equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Electrovaya Inc. Tangible Net Worth Ratio (1997–2025)
This chart shows how Electrovaya Inc.'s Tangible Net Worth Ratio has changed across 23 annual periods from 1997 to 2025. As of December 2025, the ratio stands at 100.0%, reflecting net assets of CA$60.49 Million with intangible assets of CA$0.00 CAD. Also explore Electrovaya Inc. equity growth rate to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Electrovaya Inc. (1997–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Electrovaya Inc. from 1997 to 2025, covering 23 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 Electrovaya Inc. stock valuation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 100.0% | CA$31.13 Million | CA$0.00 | CA$63.93 Million | ▲ +0.0 pp |
| 2024 | 100.0% | CA$8.59 Million | CA$0.00 | CA$39.48 Million | ▲ +0.0 pp |
| 2023 | 100.0% | CA$7.15 Million | CA$0.00 | CA$36.51 Million | ▲ +1.2 pp |
| 2016 | 98.8% | CA$7.95 Million | CA$92.00K | CA$30.83 Million | ▼ -1.2 pp |
| 2015 | 100.0% | CA$12.54 Million | CA$0.00 | CA$27.34 Million | ▲ +0.0 pp |
| 2014 | 100.0% | CA$5.17 Million | CA$0.00 | CA$12.34 Million | ▲ +0.0 pp |
| 2013 | 100.0% | CA$4.68 Million | CA$0.00 | CA$15.44 Million | ▲ +0.0 pp |
| 2012 | 100.0% | CA$9.43 Million | CA$0.00 | CA$21.17 Million | ▲ +4.4 pp |
| 2011 | 95.6% | CA$8.13 Million | CA$361.00K | CA$16.49 Million | ▼ -0.4 pp |
| 2010 | 95.9% | CA$9.29 Million | CA$378.00K | CA$11.95 Million | ▼ -1.0 pp |
| 2009 | 96.9% | CA$10.12 Million | CA$310.00K | CA$13.35 Million | ▼ -0.4 pp |
| 2008 | 97.4% | CA$10.14 Million | CA$268.67K | CA$12.65 Million | ▼ -2.6 pp |
| 2007 | 100.0% | CA$14.87 Million | CA$0.00 | CA$16.63 Million | ▲ +0.0 pp |
| 2006 | 100.0% | CA$17.50 Million | CA$0.00 | CA$19.06 Million | ▲ +0.0 pp |
| 2005 | 100.0% | CA$24.38 Million | CA$0.00 | CA$25.98 Million | ▲ +0.0 pp |
| 2004 | 100.0% | CA$25.17 Million | CA$0.00 | CA$26.68 Million | ▲ +0.0 pp |
| 2003 | 100.0% | CA$32.37 Million | CA$0.00 | CA$34.13 Million | ▲ +0.0 pp |
| 2002 | 100.0% | CA$38.35 Million | CA$0.00 | CA$39.61 Million | ▲ +0.0 pp |
| 2001 | 100.0% | CA$48.49 Million | CA$0.00 | CA$49.64 Million | ▲ +0.0 pp |
| 2000 | 100.0% | CA$29.06 Million | CA$0.00 | CA$30.89 Million | ▲ +0.0 pp |
| 1999 | 100.0% | CA$3.50 Million | CA$0.00 | CA$3.72 Million | ▲ +0.0 pp |
| 1998 | 100.0% | CA$4.62 Million | CA$0.00 | CA$4.81 Million | ▲ +0.0 pp |
| 1997 | 100.0% | CA$5.98 Million | CA$0.00 | CA$6.21 Million | — |