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 what is Novra Technologies Inc's book value for net asset value and shareholders' equity analysis.
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. Also explore NVI year-over-year net asset growth to track the company's year-over-year net asset growth rate.
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 stock valuation.
| 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 | — |