Northern Genesis Acquisition II Net Tangible Assets

Northern Genesis Acquisition II posts a net tangible assets of $-39M as of September 2021. That compares with $24K in the prior-year period — down 163099.9% year over year. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Northern Genesis Acquisition II's net tangible assets was $24K. The latest reading is $-39M — a 163099.9% year-over-year decrease (period ending September 2021). Use the history and growth charts on this page for a longer lookback.

Net Tangible Assets is one piece of Northern Genesis Acquisition II's financial statement story. At $-39M, it should be interpreted next to related metrics — for example revenue with costs, assets with liabilities, or income with margins. Stockcircle links those related pages so you can move from this number to the surrounding context quickly.

Context for NGAB's net tangible assets usually means three checks: (1) trend versus prior periods, (2) level versus peers, and (3) consistency with growth and profitability. This page covers the first two; Northern Genesis Acquisition II's other metric pages and overview cover the third.

Judging Northern Genesis Acquisition II against Technology peers is usually better than using a market-wide rule of thumb. Business models inside Technology are more comparable, which makes gaps in net tangible assets easier to interpret. Start with $-39M here, then scan peer and history charts to see if the gap is persistent.