Tucows Inc. Net Asset Quality Index
Tucows Inc. net asset quality index. Tucows Inc. (TC) has a Net Asset Quality Index of -24.9% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$727.37 Million minus total liabilities of CA$908.23 Million yields net assets of CA$-180.86 Million. A higher index indicates a stronger, lower-leverage balance sheet. Check TC operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of Tucows Inc. (1996–2025)
Net asset quality index of Tucows Inc. from 1996 to 2025. This chart shows how Tucows Inc.'s Net Asset Quality Index has evolved across 30 annual periods from 1996 to 2025. As of March 2026, the index stands at -24.9%, representing net assets of CA$-180.86 Million against total assets of CA$727.37 Million CAD. See Tucows Inc. shareholders equity for net asset value and shareholders' equity analysis.
Tucows Inc. Net Asset Quality Index by Year (1996–2025)
Tucows Inc. net asset quality index by year from 1996 to 2025. The table below presents the year-by-year Net Asset Quality Index for Tucows Inc. from 1996 to 2025, covering 30 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For live market cap and overall valuation, see Tucows Inc. market cap and net worth.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -21.0% | CA$-164.20 Million | CA$782.37 Million | CA$946.57 Million | ▼ -8.4 pp |
| 2024 | -12.6% | CA$-95.30 Million | CA$758.80 Million | CA$854.10 Million | ▼ -13.8 pp |
| 2023 | 1.2% | CA$9.88 Million | CA$798.43 Million | CA$788.55 Million | ▼ -13.3 pp |
| 2022 | 14.5% | CA$96.66 Million | CA$664.75 Million | CA$568.09 Million | ▼ -6.8 pp |
| 2021 | 21.3% | CA$115.09 Million | CA$539.60 Million | CA$424.50 Million | ▼ -1.8 pp |
| 2020 | 23.2% | CA$104.70 Million | CA$451.90 Million | CA$347.20 Million | ▲ +1.1 pp |
| 2019 | 22.1% | CA$94.19 Million | CA$425.92 Million | CA$331.72 Million | ▼ -1.4 pp |
| 2018 | 23.5% | CA$79.78 Million | CA$339.57 Million | CA$259.80 Million | ▲ +6.3 pp |
| 2017 | 17.2% | CA$60.21 Million | CA$350.65 Million | CA$290.44 Million | ▼ -7.3 pp |
| 2016 | 24.5% | CA$37.82 Million | CA$154.41 Million | CA$116.60 Million | ▲ +4.1 pp |
| 2015 | 20.4% | CA$26.33 Million | CA$129.13 Million | CA$102.80 Million | ▼ -7.9 pp |
| 2014 | 28.3% | CA$35.64 Million | CA$125.80 Million | CA$90.15 Million | ▲ +6.2 pp |
| 2013 | 22.2% | CA$26.92 Million | CA$121.35 Million | CA$94.44 Million | ▼ -0.2 pp |
| 2012 | 22.4% | CA$26.55 Million | CA$118.77 Million | CA$92.22 Million | ▼ -3.9 pp |
| 2011 | 26.3% | CA$30.42 Million | CA$115.69 Million | CA$85.27 Million | ▲ +2.7 pp |
| 2010 | 23.6% | CA$23.92 Million | CA$101.48 Million | CA$77.56 Million | ▼ -6.3 pp |
| 2009 | 29.9% | CA$31.10 Million | CA$104.14 Million | CA$73.04 Million | ▲ +7.6 pp |
| 2008 | 22.2% | CA$21.45 Million | CA$96.52 Million | CA$75.07 Million | ▲ +2.9 pp |
| 2007 | 19.3% | CA$19.35 Million | CA$100.04 Million | CA$80.69 Million | ▼ -2.6 pp |
| 2006 | 21.9% | CA$18.54 Million | CA$84.67 Million | CA$66.12 Million | ▼ -1.0 pp |
| 2005 | 22.9% | CA$13.09 Million | CA$57.06 Million | CA$43.97 Million | ▲ +7.2 pp |
| 2004 | 15.8% | CA$7.46 Million | CA$47.30 Million | CA$39.85 Million | ▲ +13.3 pp |
| 2003 | 2.5% | CA$866.12K | CA$35.34 Million | CA$34.47 Million | ▲ +7.2 pp |
| 2002 | -4.7% | CA$-1.36 Million | CA$28.85 Million | CA$30.21 Million | ▲ +8.5 pp |
| 2001 | -13.2% | CA$-3.39 Million | CA$25.59 Million | CA$28.98 Million | ▼ -92.1 pp |
| 2000 | 78.8% | CA$12.45 Million | CA$15.80 Million | CA$3.34 Million | ▲ +2.8 pp |
| 1999 | 76.1% | CA$22.90 Million | CA$30.10 Million | CA$7.20 Million | ▲ +108.4 pp |
| 1998 | -32.4% | CA$-3.30 Million | CA$10.20 Million | CA$13.50 Million | ▼ -88.2 pp |
| 1997 | 55.9% | CA$10.50 Million | CA$18.80 Million | CA$8.30 Million | ▼ -35.9 pp |
| 1996 | 91.7% | CA$27.70 Million | CA$30.20 Million | CA$2.50 Million | — |