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. Also explore USM net asset momentum to track the company's year-over-year net asset growth rate.
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. For live market cap and overall valuation, see United States Cellular Corporation market cap and net worth.
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. Explore how much does United States Cellular Corporation reinvest in capital 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) |
|---|---|---|---|---|---|
| 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 | — |