Innergex Renewable Energy Inc. (INE) — Tangible Net Worth Ratio
Innergex Renewable Energy Inc. (INE) has a Tangible Net Worth Ratio of -4.3% as of March 2025. This metric is calculated by deducting intangible assets (CA$1.14 Billion) from net assets (CA$1.10 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 Innergex Renewable Energy Inc.'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
Innergex Renewable Energy Inc. Tangible Net Worth Ratio (2006–2024)
This chart shows how Innergex Renewable Energy Inc.'s Tangible Net Worth Ratio has changed across 19 annual periods from 2006 to 2024. As of March 2025, the ratio stands at -4.3%, reflecting net assets of CA$1.10 Billion with intangible assets of CA$1.14 Billion CAD. See INE cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Innergex Renewable Energy Inc. (2006–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Innergex Renewable Energy Inc. from 2006 to 2024, covering 19 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 market cap of Innergex Renewable Energy Inc..
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 19.8% | CA$1.52 Billion | CA$1.22 Billion | CA$9.44 Billion | ▲ +28.3 pp |
| 2023 | -8.5% | CA$1.21 Billion | CA$1.31 Billion | CA$8.94 Billion | ▼ -20.3 pp |
| 2022 | 11.9% | CA$1.49 Billion | CA$1.31 Billion | CA$8.60 Billion | ▼ -6.2 pp |
| 2021 | 18.1% | CA$1.36 Billion | CA$1.11 Billion | CA$7.40 Billion | ▲ +5.2 pp |
| 2020 | 12.8% | CA$1.07 Billion | CA$933.41 Million | CA$7.15 Billion | ▲ +25.5 pp |
| 2019 | -12.7% | CA$615.33 Million | CA$693.36 Million | CA$6.37 Billion | ▼ -13.1 pp |
| 2018 | 0.5% | CA$959.56 Million | CA$955.13 Million | CA$6.48 Billion | ▲ +45.8 pp |
| 2017 | -45.3% | CA$450.19 Million | CA$654.08 Million | CA$4.19 Billion | ▼ -33.0 pp |
| 2016 | -12.3% | CA$485.23 Million | CA$544.87 Million | CA$3.60 Billion | ▼ -12.1 pp |
| 2015 | -0.2% | CA$471.56 Million | CA$472.27 Million | CA$3.13 Billion | ▼ -2.6 pp |
| 2014 | 2.5% | CA$562.23 Million | CA$548.33 Million | CA$2.72 Billion | ▼ -15.3 pp |
| 2013 | 17.7% | CA$665.93 Million | CA$547.74 Million | CA$2.38 Billion | ▼ -2.6 pp |
| 2012 | 20.4% | CA$687.93 Million | CA$547.66 Million | CA$2.32 Billion | ▲ +13.5 pp |
| 2011 | 6.9% | CA$579.12 Million | CA$539.30 Million | CA$2.03 Billion | ▼ -36.6 pp |
| 2010 | 43.5% | CA$347.35 Million | CA$196.18 Million | CA$930.83 Million | ▼ -32.6 pp |
| 2009 | 76.1% | CA$183.27 Million | CA$43.76 Million | CA$444.64 Million | ▲ +2.9 pp |
| 2008 | 73.2% | CA$200.48 Million | CA$53.68 Million | CA$435.05 Million | ▼ -2.3 pp |
| 2007 | 75.6% | CA$230.54 Million | CA$56.34 Million | CA$343.26 Million | ▼ -24.4 pp |
| 2006 | 100.0% | CA$1.81 Million | CA$0.00 | CA$3.76 Million | — |