Covalon Technologies Ltd. Tangible Net Worth Ratio
Covalon Technologies Ltd. tangible net worth ratio. Covalon Technologies Ltd. (COV) has a Tangible Net Worth Ratio of 95.0% as of December 2025. This metric is calculated by deducting intangible assets (CA$1.32 Million) from net assets (CA$26.39 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 momentum of Covalon Technologies Ltd. to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Covalon Technologies Ltd. (2005–2025)
Tangible net worth ratio of Covalon Technologies Ltd. from 2005 to 2025. This chart shows how Covalon Technologies Ltd.'s Tangible Net Worth Ratio has changed across 21 annual periods from 2005 to 2025. As of December 2025, the ratio stands at 95.0%, reflecting net assets of CA$26.39 Million with intangible assets of CA$1.32 Million CAD. Check Covalon Technologies Ltd. strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Covalon Technologies Ltd. Tangible Net Worth Ratio by Year (2005–2025)
Covalon Technologies Ltd. tangible net worth ratio by year from 2005 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for Covalon Technologies Ltd. from 2005 to 2025, covering 21 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 live market cap and overall valuation, see how much is Covalon Technologies Ltd. worth.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 95.6% | CA$30.73 Million | CA$1.35 Million | CA$36.12 Million | ▲ +0.8 pp |
| 2024 | 94.8% | CA$27.50 Million | CA$1.44 Million | CA$31.81 Million | ▲ +2.4 pp |
| 2023 | 92.3% | CA$18.79 Million | CA$1.44 Million | CA$24.90 Million | ▼ -2.4 pp |
| 2022 | 94.7% | CA$24.23 Million | CA$1.28 Million | CA$30.38 Million | ▼ -2.6 pp |
| 2021 | 97.3% | CA$33.37 Million | CA$897.87K | CA$40.58 Million | ▲ +20.9 pp |
| 2020 | 76.4% | CA$9.11 Million | CA$2.15 Million | CA$34.70 Million | ▼ -7.8 pp |
| 2019 | 84.2% | CA$14.93 Million | CA$2.36 Million | CA$39.61 Million | ▼ -5.4 pp |
| 2018 | 89.6% | CA$13.12 Million | CA$1.37 Million | CA$19.71 Million | ▲ +6.7 pp |
| 2017 | 82.9% | CA$8.98 Million | CA$1.54 Million | CA$11.97 Million | ▲ +27.8 pp |
| 2016 | 55.1% | CA$3.81 Million | CA$1.71 Million | CA$6.49 Million | ▼ -6.6 pp |
| 2015 | 61.7% | CA$4.79 Million | CA$1.83 Million | CA$7.63 Million | ▼ -3.5 pp |
| 2014 | 65.2% | CA$5.53 Million | CA$1.92 Million | CA$7.96 Million | ▲ +33.1 pp |
| 2013 | 32.1% | CA$2.95 Million | CA$2.00 Million | CA$5.67 Million | ▼ -3.5 pp |
| 2012 | 35.5% | CA$3.23 Million | CA$2.08 Million | CA$5.96 Million | ▼ -53.1 pp |
| 2011 | 88.6% | CA$7.02 Million | CA$800.32K | CA$9.32 Million | ▼ -2.2 pp |
| 2010 | 90.8% | CA$7.57 Million | CA$697.06K | CA$10.32 Million | ▼ -3.2 pp |
| 2009 | 94.0% | CA$10.94 Million | CA$655.25K | CA$12.87 Million | ▼ -1.5 pp |
| 2008 | 95.5% | CA$15.02 Million | CA$671.05K | CA$17.29 Million | ▼ -1.7 pp |
| 2007 | 97.2% | CA$17.59 Million | CA$484.37K | CA$20.24 Million | ▲ +26.4 pp |
| 2006 | 70.8% | CA$8.27 Million | CA$2.41 Million | CA$8.79 Million | ▼ -29.2 pp |
| 2005 | 100.0% | CA$3.79 Million | CA$0.00 | CA$4.50 Million | — |