Canadian National Railway Co (CNR) — Tangible Net Worth Ratio
Canadian National Railway Co (CNR) has a Tangible Net Worth Ratio of 97.6% as of December 2025. This metric is calculated by deducting intangible assets (CA$523.00 Million) from net assets (CA$21.57 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 working capital to net assets of Canadian National Railway Co to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Canadian National Railway Co Tangible Net Worth Ratio (1995–2025)
This chart shows how Canadian National Railway Co's Tangible Net Worth Ratio has changed across 31 annual periods from 1995 to 2025. As of December 2025, the ratio stands at 97.6%, reflecting net assets of CA$21.57 Billion with intangible assets of CA$523.00 Million CAD. See Canadian National Railway Co defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Canadian National Railway Co (1995–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Canadian National Railway Co from 1995 to 2025, covering 31 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 CNR market cap overview.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 97.6% | CA$21.57 Billion | CA$523.00 Million | CA$58.55 Billion | ▼ -1.8 pp |
| 2024 | 99.4% | CA$21.05 Billion | CA$128.00 Million | CA$57.07 Billion | ▲ +0.0 pp |
| 2023 | 99.3% | CA$20.12 Billion | CA$131.00 Million | CA$52.67 Billion | ▼ 0.0 pp |
| 2022 | 99.4% | CA$21.38 Billion | CA$137.00 Million | CA$50.66 Billion | ▼ 0.0 pp |
| 2021 | 99.4% | CA$22.74 Billion | CA$139.00 Million | CA$48.54 Billion | ▲ +0.1 pp |
| 2020 | 99.3% | CA$19.65 Billion | CA$145.00 Million | CA$44.80 Billion | ▲ +0.1 pp |
| 2019 | 99.2% | CA$18.04 Billion | CA$152.00 Million | CA$43.78 Billion | ▼ -0.4 pp |
| 2018 | 99.6% | CA$17.64 Billion | CA$73.00 Million | CA$41.21 Billion | ▼ 0.0 pp |
| 2017 | 99.6% | CA$16.66 Billion | CA$62.00 Million | CA$37.63 Billion | ▲ +0.1 pp |
| 2016 | 99.5% | CA$14.84 Billion | CA$67.00 Million | CA$37.06 Billion | ▲ +0.0 pp |
| 2015 | 99.5% | CA$14.95 Billion | CA$71.00 Million | CA$36.40 Billion | ▼ 0.0 pp |
| 2014 | 99.5% | CA$13.47 Billion | CA$62.00 Million | CA$31.79 Billion | ▼ 0.0 pp |
| 2013 | 99.5% | CA$12.95 Billion | CA$59.00 Million | CA$30.16 Billion | ▲ +0.1 pp |
| 2012 | 99.5% | CA$11.02 Billion | CA$57.00 Million | CA$26.66 Billion | ▲ +1.9 pp |
| 2011 | 97.6% | CA$10.68 Billion | CA$261.00 Million | CA$26.03 Billion | ▲ +3.8 pp |
| 2010 | 93.8% | CA$11.28 Billion | CA$699.00 Million | CA$25.21 Billion | ▼ -5.7 pp |
| 2009 | 99.5% | CA$11.23 Billion | CA$58.00 Million | CA$25.18 Billion | ▲ +8.1 pp |
| 2008 | 91.4% | CA$10.56 Billion | CA$913.00 Million | CA$26.72 Billion | ▲ +11.0 pp |
| 2007 | 80.4% | CA$10.18 Billion | CA$2.00 Billion | CA$23.46 Billion | ▼ -3.2 pp |
| 2006 | 83.6% | CA$9.82 Billion | CA$1.61 Billion | CA$24.00 Billion | ▼ -6.0 pp |
| 2005 | 89.6% | CA$9.25 Billion | CA$961.00 Million | CA$22.19 Billion | ▼ -1.8 pp |
| 2004 | 91.5% | CA$9.28 Billion | CA$793.00 Million | CA$22.36 Billion | ▼ -8.5 pp |
| 2003 | 100.0% | CA$8.43 Billion | CA$0.00 | CA$20.34 Billion | ▲ +0.0 pp |
| 2002 | 100.0% | CA$8.37 Billion | CA$0.00 | CA$21.74 Billion | ▲ +0.0 pp |
| 2001 | 100.0% | CA$7.49 Billion | CA$0.00 | CA$21.22 Billion | ▲ +0.0 pp |
| 2000 | 100.0% | CA$6.60 Billion | CA$0.00 | CA$17.31 Billion | ▲ +0.0 pp |
| 1999 | 100.0% | CA$6.48 Billion | CA$0.00 | CA$16.48 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | CA$5.01 Billion | CA$0.00 | CA$11.86 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | CA$3.42 Billion | CA$0.00 | CA$7.08 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | CA$2.38 Billion | CA$0.00 | CA$6.24 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | CA$2.31 Billion | CA$0.00 | CA$6.20 Billion | — |