Advanced Drainage Systems Inc (WMS) — Tangible Net Worth Ratio
Advanced Drainage Systems Inc (WMS) has a Tangible Net Worth Ratio of 56.6% as of March 2026. This metric is calculated by deducting intangible assets ($848.53 Million) from net assets ($1.96 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 WMS 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
Advanced Drainage Systems Inc Tangible Net Worth Ratio (2012–2026)
This chart shows how Advanced Drainage Systems Inc's Tangible Net Worth Ratio has changed across 15 annual periods from 2012 to 2026. As of March 2026, the ratio stands at 56.6%, reflecting net assets of $1.96 Billion with intangible assets of $848.53 Million USD. For live market cap and overall valuation, see WMS market cap.
Annual Tangible Net Worth Ratio for Advanced Drainage Systems Inc (2012–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Advanced Drainage Systems Inc from 2012 to 2026, covering 15 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 Advanced Drainage Systems Inc 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) |
|---|---|---|---|---|---|
| 2026 | 56.6% | $1.96 Billion | $848.53 Million | $4.51 Billion | ▼ -16.0 pp |
| 2025 | 72.6% | $1.64 Billion | $448.06 Million | $3.69 Billion | ▲ +0.1 pp |
| 2024 | 72.5% | $1.28 Billion | $352.65 Million | $3.27 Billion | ▲ +13.4 pp |
| 2023 | 59.0% | $994.86 Million | $407.63 Million | $2.90 Billion | ▼ -1.9 pp |
| 2022 | 61.0% | $1.11 Billion | $431.38 Million | $2.65 Billion | ▲ +6.3 pp |
| 2021 | 54.7% | $1.06 Billion | $482.02 Million | $2.41 Billion | ▲ +26.9 pp |
| 2020 | 27.8% | $784.58 Million | $566.38 Million | $2.37 Billion | ▼ -62.2 pp |
| 2019 | 90.0% | $500.63 Million | $50.25 Million | $1.04 Billion | ▲ +2.8 pp |
| 2018 | 87.2% | $425.34 Million | $54.63 Million | $1.04 Billion | ▲ +4.6 pp |
| 2017 | 82.5% | $342.21 Million | $59.74 Million | $1.05 Billion | ▲ +6.0 pp |
| 2016 | 76.5% | $278.25 Million | $65.33 Million | $1.00 Billion | ▼ -2.7 pp |
| 2015 | 79.2% | $314.60 Million | $65.33 Million | $1.04 Billion | ▲ +18.8 pp |
| 2014 | 60.5% | $176.28 Million | $69.70 Million | $937.60 Million | ▼ -10.2 pp |
| 2013 | 70.7% | $322.62 Million | $94.63 Million | $907.74 Million | ▲ +8.0 pp |
| 2012 | 62.6% | $289.71 Million | $108.25 Million | $905.03 Million | — |