Ballard Power Systems Inc (BLDP) — Tangible Net Worth Ratio
Ballard Power Systems Inc (BLDP) has a Tangible Net Worth Ratio of 99.7% as of September 2025. This metric is calculated by deducting intangible assets (CA$1.55 Million) from net assets (CA$606.82 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. See Ballard Power Systems Inc net assets for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Ballard Power Systems Inc Tangible Net Worth Ratio (1993–2024)
This chart shows how Ballard Power Systems Inc's Tangible Net Worth Ratio has changed across 32 annual periods from 1993 to 2024. As of September 2025, the ratio stands at 99.7%, reflecting net assets of CA$606.82 Million with intangible assets of CA$1.55 Million CAD. Also explore Ballard Power Systems Inc net asset momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Ballard Power Systems Inc (1993–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Ballard Power Systems Inc from 1993 to 2024, covering 32 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 BLDP market cap.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 99.7% | CA$672.99 Million | CA$1.76 Million | CA$777.31 Million | ▼ -0.1 pp |
| 2023 | 99.9% | CA$991.22 Million | CA$1.41 Million | CA$1.08 Billion | ▲ +0.3 pp |
| 2022 | 99.6% | CA$1.16 Billion | CA$5.21 Million | CA$1.25 Billion | ▲ +1.1 pp |
| 2021 | 98.4% | CA$1.33 Billion | CA$20.79 Million | CA$1.44 Billion | ▼ -1.1 pp |
| 2020 | 99.6% | CA$900.89 Million | CA$3.76 Million | CA$975.60 Million | ▲ +1.9 pp |
| 2019 | 97.7% | CA$250.26 Million | CA$5.69 Million | CA$340.32 Million | ▲ +0.7 pp |
| 2018 | 97.1% | CA$282.60 Million | CA$8.29 Million | CA$346.10 Million | ▲ +12.0 pp |
| 2017 | 85.0% | CA$119.86 Million | CA$17.95 Million | CA$177.66 Million | ▼ -0.1 pp |
| 2016 | 85.1% | CA$121.54 Million | CA$18.08 Million | CA$183.45 Million | ▼ -0.2 pp |
| 2015 | 85.4% | CA$111.61 Million | CA$16.33 Million | CA$161.33 Million | ▲ +15.9 pp |
| 2014 | 69.5% | CA$79.23 Million | CA$24.15 Million | CA$127.95 Million | ▼ -26.6 pp |
| 2013 | 96.1% | CA$70.25 Million | CA$2.72 Million | CA$120.21 Million | ▲ +3.4 pp |
| 2012 | 92.8% | CA$58.00 Million | CA$4.19 Million | CA$127.55 Million | ▼ -4.8 pp |
| 2011 | 97.6% | CA$92.34 Million | CA$2.25 Million | CA$165.29 Million | ▼ -0.1 pp |
| 2010 | 97.7% | CA$127.88 Million | CA$2.98 Million | CA$189.79 Million | ▼ -1.8 pp |
| 2009 | 99.5% | CA$158.92 Million | CA$824.00K | CA$195.35 Million | ▲ +1.8 pp |
| 2008 | 97.7% | CA$161.33 Million | CA$3.73 Million | CA$208.44 Million | ▼ -0.6 pp |
| 2007 | 98.3% | CA$258.19 Million | CA$4.30 Million | CA$298.69 Million | ▲ +6.1 pp |
| 2006 | 92.2% | CA$305.09 Million | CA$23.70 Million | CA$350.04 Million | ▲ +0.2 pp |
| 2005 | 92.1% | CA$472.81 Million | CA$37.59 Million | CA$524.87 Million | ▲ +29.8 pp |
| 2004 | 62.2% | CA$575.09 Million | CA$217.24 Million | CA$659.17 Million | ▲ +9.9 pp |
| 2003 | 52.3% | CA$741.70 Million | CA$353.67 Million | CA$834.84 Million | ▼ -4.7 pp |
| 2002 | 57.0% | CA$829.52 Million | CA$356.66 Million | CA$917.80 Million | ▼ -2.3 pp |
| 2001 | 59.3% | CA$873.72 Million | CA$355.38 Million | CA$959.32 Million | ▼ -36.4 pp |
| 2000 | 95.7% | CA$665.13 Million | CA$28.52 Million | CA$706.66 Million | ▲ +3.8 pp |
| 1999 | 91.9% | CA$394.10 Million | CA$32.06 Million | CA$426.79 Million | ▼ -8.1 pp |
| 1998 | 100.0% | CA$416.60 Million | CA$0.00 | CA$446.00 Million | ▲ +0.0 pp |
| 1997 | 100.0% | CA$216.40 Million | CA$0.00 | CA$238.30 Million | ▲ +0.0 pp |
| 1996 | 100.0% | CA$65.00 Million | CA$0.00 | CA$78.20 Million | ▲ +0.0 pp |
| 1995 | 100.0% | CA$24.90 Million | CA$0.00 | CA$35.40 Million | ▲ +0.0 pp |
| 1994 | 100.0% | CA$15.00 Million | CA$0.00 | CA$28.80 Million | ▲ +0.0 pp |
| 1993 | 100.0% | CA$12.81 Million | CA$0.00 | CA$21.32 Million | — |