Novra Technologies Inc (NVI) — Tangible Net Worth Ratio
Novra Technologies Inc (NVI) has a Tangible Net Worth Ratio of -169.3% as of September 2019. This metric is calculated by deducting intangible assets (CA$1.97 Million) from net assets (CA$731.60K) 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 NVI working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Novra Technologies Inc Tangible Net Worth Ratio (2001–2018)
This chart shows how Novra Technologies Inc's Tangible Net Worth Ratio has changed across 12 annual periods from 2001 to 2018. As of September 2019, the ratio stands at -169.3%, reflecting net assets of CA$731.60K with intangible assets of CA$1.97 Million CAD. See Novra Technologies Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Novra Technologies Inc (2001–2018)
The table below presents the year-by-year Tangible Net Worth Ratio for Novra Technologies Inc from 2001 to 2018, covering 12 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 Novra Technologies Inc (NVI) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2018 | -73.8% | CA$1.52 Million | CA$2.64 Million | CA$10.87 Million | ▼ -19.0 pp |
| 2017 | -54.8% | CA$2.15 Million | CA$3.33 Million | CA$9.06 Million | ▼ -59.2 pp |
| 2016 | 4.4% | CA$806.13K | CA$770.32K | CA$8.07 Million | ▼ -95.6 pp |
| 2015 | 100.0% | CA$407.81K | CA$0.00 | CA$2.41 Million | ▲ +0.0 pp |
| 2014 | 100.0% | CA$46.38K | CA$0.00 | CA$2.16 Million | ▲ +0.0 pp |
| 2013 | 100.0% | CA$944.04K | CA$0.00 | CA$2.61 Million | ▲ +0.0 pp |
| 2011 | 100.0% | CA$268.10K | CA$0.00 | CA$1.63 Million | ▲ +0.0 pp |
| 2006 | 100.0% | CA$573.03K | CA$0.00 | CA$2.41 Million | ▲ +0.0 pp |
| 2005 | 100.0% | CA$346.39K | CA$0.00 | CA$2.70 Million | ▲ +0.0 pp |
| 2003 | 100.0% | CA$591.96K | CA$0.00 | CA$1.40 Million | ▲ +0.0 pp |
| 2002 | 100.0% | CA$2.10 Million | CA$0.00 | CA$2.25 Million | ▲ +13.4 pp |
| 2001 | 86.6% | CA$4.08 Million | CA$546.07K | CA$4.18 Million | — |