Enphase Energy Inc (ENPH) — Tangible Net Worth Ratio
Enphase Energy Inc (ENPH) has a Tangible Net Worth Ratio of 98.4% as of March 2026. This metric is calculated by deducting intangible assets ($17.56 Million) from net assets ($1.10 Billion) 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 ENPH shareholders equity momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Enphase Energy Inc Tangible Net Worth Ratio (2009–2025)
This chart shows how Enphase Energy Inc's Tangible Net Worth Ratio has changed across 16 annual periods from 2009 to 2025. As of March 2026, the ratio stands at 98.4%, reflecting net assets of $1.10 Billion with intangible assets of $17.56 Million USD. For live market cap and overall valuation, see Enphase Energy Inc market cap and net worth.
Annual Tangible Net Worth Ratio for Enphase Energy Inc (2009–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Enphase Energy Inc from 2009 to 2025, covering 16 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. Explore ENPH capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 97.9% | $1.09 Billion | $22.29 Million | $3.51 Billion | ▲ +3.0 pp |
| 2024 | 94.9% | $833.02 Million | $42.40 Million | $3.25 Billion | ▲ +1.9 pp |
| 2023 | 93.0% | $983.62 Million | $68.54 Million | $3.38 Billion | ▲ +5.1 pp |
| 2022 | 87.9% | $825.57 Million | $99.54 Million | $3.08 Billion | ▲ +10.7 pp |
| 2021 | 77.3% | $430.17 Million | $97.76 Million | $2.08 Billion | ▼ -16.8 pp |
| 2020 | 94.0% | $483.99 Million | $28.81 Million | $1.20 Billion | ▲ +5.3 pp |
| 2019 | 88.8% | $272.21 Million | $30.58 Million | $713.22 Million | ▲ +442.8 pp |
| 2018 | -354.0% | $7.78 Million | $35.31 Million | $339.94 Million | ▼ -381.3 pp |
| 2016 | 27.3% | $1.30 Million | $945.00K | $163.58 Million | ▼ -67.3 pp |
| 2015 | 94.6% | $41.45 Million | $2.22 Million | $165.53 Million | ▼ -1.5 pp |
| 2014 | 96.1% | $46.95 Million | $1.81 Million | $152.19 Million | ▼ -3.9 pp |
| 2013 | 100.0% | $40.21 Million | $0.00 | $116.67 Million | ▲ +4.4 pp |
| 2012 | 95.6% | $56.66 Million | $2.48 Million | $122.29 Million | ▼ -3.5 pp |
| 2011 | 99.1% | $33.09 Million | $286.00K | $104.76 Million | ▼ -0.2 pp |
| 2010 | 99.3% | $38.48 Million | $266.00K | $59.50 Million | ▼ -0.7 pp |
| 2009 | 100.0% | $13.63 Million | $0.00 | $20.95 Million | — |