United States Cellular Corporation (USM) — Tangible Net Worth Ratio
United States Cellular Corporation (USM) has a Tangible Net Worth Ratio of 0.7% as of June 2025. This metric is calculated by deducting intangible assets ($4.58 Billion) from net assets ($4.61 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. See how liquid is United States Cellular Corporation's working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
United States Cellular Corporation Tangible Net Worth Ratio (1986–2024)
This chart shows how United States Cellular Corporation's Tangible Net Worth Ratio has changed across 39 annual periods from 1986 to 2024. As of June 2025, the ratio stands at 0.7%, reflecting net assets of $4.61 Billion with intangible assets of $4.58 Billion USD. See USM days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for United States Cellular Corporation (1986–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for United States Cellular Corporation from 1986 to 2024, covering 39 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 how much is United States Cellular Corporation worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 0.6% | $4.61 Billion | $4.58 Billion | $10.45 Billion | ▲ +1.5 pp |
| 2023 | -0.8% | $4.65 Billion | $4.69 Billion | $10.75 Billion | ▲ +1.5 pp |
| 2022 | -2.4% | $4.58 Billion | $4.69 Billion | $11.12 Billion | ▼ -13.0 pp |
| 2021 | 10.6% | $4.57 Billion | $4.09 Billion | $10.34 Billion | ▼ -30.1 pp |
| 2020 | 40.7% | $4.44 Billion | $2.63 Billion | $9.68 Billion | ▼ -0.7 pp |
| 2019 | 41.5% | $4.22 Billion | $2.47 Billion | $8.16 Billion | ▼ -4.9 pp |
| 2018 | 46.4% | $4.08 Billion | $2.19 Billion | $7.27 Billion | ▲ +6.7 pp |
| 2017 | 39.7% | $3.69 Billion | $2.22 Billion | $6.84 Billion | ▼ -8.5 pp |
| 2016 | 48.3% | $3.65 Billion | $1.89 Billion | $7.11 Billion | ▼ -0.4 pp |
| 2015 | 48.6% | $3.57 Billion | $1.83 Billion | $7.06 Billion | ▼ -7.8 pp |
| 2014 | 56.4% | $3.31 Billion | $1.44 Billion | $6.49 Billion | ▼ -2.5 pp |
| 2013 | 58.9% | $3.41 Billion | $1.40 Billion | $6.45 Billion | ▼ -2.7 pp |
| 2012 | 61.6% | $3.80 Billion | $1.46 Billion | $6.59 Billion | ▲ +1.6 pp |
| 2011 | 60.0% | $3.68 Billion | $1.47 Billion | $6.33 Billion | ▲ +1.1 pp |
| 2010 | 58.9% | $3.53 Billion | $1.45 Billion | $5.93 Billion | ▲ +0.6 pp |
| 2009 | 58.4% | $3.46 Billion | $1.44 Billion | $5.75 Billion | ▲ +2.7 pp |
| 2008 | 55.7% | $3.26 Billion | $1.44 Billion | $5.57 Billion | ▲ +1.9 pp |
| 2007 | 53.8% | $3.24 Billion | $1.50 Billion | $5.61 Billion | ▲ +3.9 pp |
| 2006 | 49.8% | $3.03 Billion | $1.52 Billion | $5.68 Billion | ▲ +0.3 pp |
| 2005 | 49.5% | $2.80 Billion | $1.41 Billion | $5.43 Billion | ▲ +13.4 pp |
| 2004 | 36.1% | $2.63 Billion | $1.68 Billion | $5.18 Billion | ▲ +1.2 pp |
| 2003 | 34.9% | $2.56 Billion | $1.66 Billion | $4.92 Billion | ▲ +4.6 pp |
| 2002 | 30.3% | $2.47 Billion | $1.72 Billion | $4.70 Billion | ▼ -15.2 pp |
| 2001 | 45.5% | $2.38 Billion | $1.30 Billion | $3.73 Billion | ▼ -4.2 pp |
| 2000 | 49.7% | $2.25 Billion | $1.13 Billion | $3.47 Billion | ▼ -0.3 pp |
| 1999 | 50.1% | $2.32 Billion | $1.16 Billion | $3.50 Billion | ▲ +12.7 pp |
| 1998 | 37.4% | $1.99 Billion | $1.25 Billion | $3.05 Billion | ▲ +5.8 pp |
| 1997 | 31.6% | $1.68 Billion | $1.15 Billion | $2.51 Billion | ▼ 0.0 pp |
| 1996 | 31.6% | $1.53 Billion | $1.04 Billion | $2.09 Billion | ▲ +7.0 pp |
| 1995 | 24.7% | $1.37 Billion | $1.04 Billion | $1.88 Billion | ▲ +8.0 pp |
| 1994 | 16.7% | $1.14 Billion | $947.40 Million | $1.53 Billion | ▲ +1.3 pp |
| 1993 | 15.4% | $974.50 Million | $824.50 Million | $1.25 Billion | ▲ +29.1 pp |
| 1992 | -13.7% | $481.10 Million | $547.20 Million | $855.60 Million | ▼ -13.8 pp |
| 1991 | 0.1% | $386.70 Million | $386.50 Million | $616.80 Million | ▲ +20.7 pp |
| 1990 | -20.6% | $117.00 Million | $141.10 Million | $279.80 Million | ▼ -33.4 pp |
| 1989 | 12.8% | $83.70 Million | $73.00 Million | $172.60 Million | ▼ -87.2 pp |
| 1988 | 100.0% | $86.30 Million | $0.00 | $121.00 Million | ▲ +0.0 pp |
| 1987 | 100.0% | $30.20 Million | $0.00 | $64.30 Million | ▲ +0.0 pp |
| 1986 | 100.0% | $12.60 Million | $0.00 | $40.30 Million | — |