North American Construction Group Ltd (NOA) — Tangible Net Worth Ratio
North American Construction Group Ltd (NOA) has a Tangible Net Worth Ratio of 97.3% as of December 2025. This metric is calculated by deducting intangible assets (CA$12.33 Million) from net assets (CA$456.62 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 working capital position of North American Construction Group Ltd to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
North American Construction Group Ltd Tangible Net Worth Ratio (1999–2025)
This chart shows how North American Construction Group Ltd's Tangible Net Worth Ratio has changed across 27 annual periods from 1999 to 2025. As of December 2025, the ratio stands at 97.3%, reflecting net assets of CA$456.62 Million with intangible assets of CA$12.33 Million CAD. See NOA defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for North American Construction Group Ltd (1999–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for North American Construction Group Ltd from 1999 to 2025, covering 27 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 NOA market cap overview.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 97.3% | CA$456.62 Million | CA$12.33 Million | CA$1.82 Billion | ▼ -0.2 pp |
| 2024 | 97.5% | CA$388.90 Million | CA$9.90 Million | CA$1.69 Billion | ▼ -0.6 pp |
| 2023 | 98.0% | CA$356.65 Million | CA$6.97 Million | CA$1.55 Billion | ▲ +0.3 pp |
| 2022 | 97.8% | CA$305.92 Million | CA$6.77 Million | CA$979.51 Million | ▼ -0.8 pp |
| 2021 | 98.6% | CA$278.46 Million | CA$3.86 Million | CA$869.28 Million | ▼ -1.2 pp |
| 2020 | 99.8% | CA$248.44 Million | CA$378.00K | CA$838.93 Million | ▼ -0.2 pp |
| 2019 | 100.0% | CA$180.12 Million | CA$0.00 | CA$792.65 Million | ▲ +1.9 pp |
| 2018 | 98.1% | CA$150.22 Million | CA$2.92 Million | CA$689.80 Million | ▼ -1.3 pp |
| 2017 | 99.4% | CA$145.92 Million | CA$938.00K | CA$383.64 Million | ▲ +0.5 pp |
| 2016 | 98.9% | CA$158.95 Million | CA$1.79 Million | CA$350.08 Million | ▲ +0.7 pp |
| 2015 | 98.2% | CA$171.62 Million | CA$3.17 Million | CA$360.69 Million | ▲ +0.5 pp |
| 2014 | 97.7% | CA$189.58 Million | CA$4.38 Million | CA$456.58 Million | ▲ +1.4 pp |
| 2013 | 96.3% | CA$191.84 Million | CA$7.04 Million | CA$445.64 Million | ▲ +5.8 pp |
| 2012 | 90.6% | CA$127.94 Million | CA$12.06 Million | CA$659.94 Million | ▲ +0.6 pp |
| 2011 | 89.9% | CA$127.78 Million | CA$12.87 Million | CA$749.99 Million | ▲ +0.9 pp |
| 2010 | 89.0% | CA$147.27 Million | CA$16.16 Million | CA$682.96 Million | ▼ -6.7 pp |
| 2009 | 95.8% | CA$181.06 Million | CA$7.67 Million | CA$702.62 Million | ▼ -3.5 pp |
| 2008 | 99.3% | CA$147.44 Million | CA$1.04 Million | CA$630.05 Million | ▲ +0.0 pp |
| 2007 | 99.2% | CA$283.36 Million | CA$2.13 Million | CA$793.60 Million | ▼ -0.5 pp |
| 2006 | 99.8% | CA$244.28 Million | CA$599.63K | CA$710.74 Million | ▲ +1.2 pp |
| 2005 | 98.5% | CA$52.53 Million | CA$771.84K | CA$586.91 Million | ▲ +0.6 pp |
| 2004 | 98.0% | CA$73.54 Million | CA$1.50 Million | CA$526.67 Million | ▲ +1.9 pp |
| 2003 | 96.0% | CA$123.08 Million | CA$4.87 Million | CA$489.39 Million | ▼ -4.0 pp |
| 2002 | 100.0% | CA$29.82 Million | CA$0.00 | CA$158.58 Million | ▲ +0.0 pp |
| 2001 | 100.0% | CA$17.38 Million | CA$0.00 | CA$120.43 Million | ▲ +0.0 pp |
| 2000 | 100.0% | CA$16.77 Million | CA$0.00 | CA$129.53 Million | ▲ +0.0 pp |
| 1999 | 100.0% | CA$16.68 Million | CA$0.00 | CA$97.24 Million | — |