Magnetic North Acquisition Corp Tangible Net Worth Ratio
Magnetic North Acquisition Corp tangible net worth ratio. Magnetic North Acquisition Corp (MNC) has a Tangible Net Worth Ratio of 100.0% as of September 2020. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$13.32 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. Check how strategically is Magnetic North Acquisition Corp's equity deployed to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Magnetic North Acquisition Corp (2019–2020)
Tangible net worth ratio of Magnetic North Acquisition Corp from 2019 to 2020. This chart shows how Magnetic North Acquisition Corp's Tangible Net Worth Ratio has changed across 2 annual periods from 2019 to 2020. As of September 2020, the ratio stands at 100.0%, reflecting net assets of CA$13.32 Million with intangible assets of CA$0.00 CAD. See working capital to net assets of Magnetic North Acquisition Corp to evaluate short-term liquidity relative to the company's equity base.
Magnetic North Acquisition Corp Tangible Net Worth Ratio by Year (2019–2020)
Magnetic North Acquisition Corp tangible net worth ratio by year from 2019 to 2020. The table below presents the year-by-year Tangible Net Worth Ratio for Magnetic North Acquisition Corp from 2019 to 2020, covering 2 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 Magnetic North Acquisition Corp market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2020 | 100.0% | CA$13.32 Million | CA$0.00 | CA$13.85 Million | ▲ +0.0 pp |
| 2019 | 100.0% | CA$1.57 Million | CA$0.00 | CA$2.19 Million | — |