Spruce Power Holding Corp (SPRU) — Tangible Net Worth Ratio
Spruce Power Holding Corp (SPRU) has a Tangible Net Worth Ratio of 93.7% as of March 2026. This metric is calculated by deducting intangible assets ($7.55 Million) from net assets ($119.34 Million) 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 SPRU year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Spruce Power Holding Corp Tangible Net Worth Ratio (2018–2025)
This chart shows how Spruce Power Holding Corp's Tangible Net Worth Ratio has changed across 7 annual periods from 2018 to 2025. As of March 2026, the ratio stands at 93.7%, reflecting net assets of $119.34 Million with intangible assets of $7.55 Million USD. For live market cap and overall valuation, see market cap of Spruce Power Holding Corp.
Annual Tangible Net Worth Ratio for Spruce Power Holding Corp (2018–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Spruce Power Holding Corp from 2018 to 2025, covering 7 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 SPRU 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 | 93.5% | $121.25 Million | $7.83 Million | $837.27 Million | ▼ -0.3 pp |
| 2024 | 93.9% | $146.15 Million | $8.96 Million | $898.48 Million | ▼ -1.4 pp |
| 2023 | 95.3% | $214.67 Million | $10.20 Million | $895.02 Million | ▼ -4.7 pp |
| 2022 | 100.0% | $288.98 Million | $0.00 | $895.90 Million | ▲ +0.5 pp |
| 2021 | 99.5% | $361.81 Million | $1.86 Million | $393.22 Million | ▼ -0.2 pp |
| 2020 | 99.7% | $188.90 Million | $593.00K | $347.01 Million | ▼ -0.3 pp |
| 2018 | 100.0% | $846.00K | $0.00 | $13.54 Million | — |