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 March 2026. This metric is calculated by deducting intangible assets (CA$12.71 Million) from net assets (CA$473.97 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 net asset growth rate of North American Construction Group Ltd to track the company's year-over-year net asset growth rate.
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 March 2026, the ratio stands at 97.3%, reflecting net assets of CA$473.97 Million with intangible assets of CA$12.71 Million CAD. For live market cap and overall valuation, see North American Construction Group Ltd stock valuation.
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. Explore NOA capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
| 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 | — |