Ocumetics Technology Corp (OTC) — Tangible Net Worth Ratio
Ocumetics Technology Corp (OTC) has a Tangible Net Worth Ratio of -621.8% as of December 2023. This metric is calculated by deducting intangible assets (CA$657.55K) from net assets (CA$91.10K) 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 Ocumetics Technology Corp (OTC) net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Ocumetics Technology Corp Tangible Net Worth Ratio (2022–2023)
This chart shows how Ocumetics Technology Corp's Tangible Net Worth Ratio has changed across 2 annual periods from 2022 to 2023. As of December 2023, the ratio stands at -621.8%, reflecting net assets of CA$91.10K with intangible assets of CA$657.55K CAD. Check how strategically is Ocumetics Technology Corp's equity deployed to assess the company's strategic physical and investment asset allocation.
Annual Tangible Net Worth Ratio for Ocumetics Technology Corp (2022–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Ocumetics Technology Corp from 2022 to 2023, 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 Ocumetics Technology Corp (OTC) total market value.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | -621.8% | CA$91.10K | CA$657.55K | CA$1.04 Million | ▼ -638.1 pp |
| 2022 | 16.3% | CA$837.40K | CA$700.88K | CA$1.37 Million | — |