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. See Ocumetics Technology Corp (OTC) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
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. See how many days can Ocumetics Technology Corp fund operations to measure how many days the company can operate on defensive assets alone.
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 the full company profile including market capitalisation, see OTC stock market capitalisation.
| 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 | — |