Magnetic North Acquisition Corp (MNC) — 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. See net assets of Magnetic North Acquisition Corp for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Magnetic North Acquisition Corp Tangible Net Worth Ratio (2019–2020)
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. Also explore net asset momentum of Magnetic North Acquisition Corp to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Magnetic North Acquisition Corp (2019–2020)
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 the full company profile including market capitalisation, see how much is Magnetic North Acquisition Corp worth.
| 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 | — |