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) shareholders funds for net asset value and shareholders' equity analysis.
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. Also explore OTC year-over-year net asset growth to track the company's year-over-year net asset growth rate.
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 market value of Ocumetics Technology Corp.
| 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 | — |