National Bank of Canada (NA) — Tangible Net Worth Ratio
National Bank of Canada (NA) has a Tangible Net Worth Ratio of 94.8% as of January 2026. This metric is calculated by deducting intangible assets (CA$1.72 Billion) from net assets (CA$33.22 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 National Bank of Canada'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
National Bank of Canada Tangible Net Worth Ratio (1993–2025)
This chart shows how National Bank of Canada's Tangible Net Worth Ratio has changed across 33 annual periods from 1993 to 2025. As of January 2026, the ratio stands at 94.8%, reflecting net assets of CA$33.22 Billion with intangible assets of CA$1.72 Billion CAD. See NA defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for National Bank of Canada (1993–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for National Bank of Canada from 1993 to 2025, covering 33 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 National Bank of Canada (NA) total market value.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 94.8% | CA$33.77 Billion | CA$1.75 Billion | CA$576.92 Billion | ▼ -0.4 pp |
| 2024 | 95.2% | CA$25.55 Billion | CA$1.23 Billion | CA$462.23 Billion | ▲ +0.5 pp |
| 2023 | 94.7% | CA$23.68 Billion | CA$1.26 Billion | CA$423.58 Billion | ▲ +0.9 pp |
| 2022 | 93.7% | CA$21.75 Billion | CA$1.36 Billion | CA$403.74 Billion | ▲ +0.6 pp |
| 2021 | 93.2% | CA$18.68 Billion | CA$1.27 Billion | CA$355.62 Billion | ▲ +1.9 pp |
| 2020 | 91.2% | CA$16.38 Billion | CA$1.43 Billion | CA$331.62 Billion | ▲ +0.5 pp |
| 2019 | 90.7% | CA$15.14 Billion | CA$1.41 Billion | CA$281.46 Billion | ▼ -0.1 pp |
| 2018 | 90.8% | CA$14.36 Billion | CA$1.31 Billion | CA$262.47 Billion | ▲ +0.6 pp |
| 2017 | 90.3% | CA$12.75 Billion | CA$1.24 Billion | CA$245.02 Billion | ▼ -0.3 pp |
| 2016 | 90.6% | CA$12.10 Billion | CA$1.14 Billion | CA$232.21 Billion | ▼ -0.1 pp |
| 2015 | 90.7% | CA$11.36 Billion | CA$1.06 Billion | CA$216.09 Billion | ▲ +0.2 pp |
| 2014 | 90.5% | CA$10.50 Billion | CA$998.00 Million | CA$205.43 Billion | ▲ +0.5 pp |
| 2013 | 90.0% | CA$8.95 Billion | CA$898.00 Million | CA$188.22 Billion | ▼ -0.6 pp |
| 2012 | 90.6% | CA$8.24 Billion | CA$778.00 Million | CA$177.90 Billion | ▼ -1.4 pp |
| 2011 | 91.9% | CA$7.50 Billion | CA$607.00 Million | CA$166.85 Billion | ▼ -5.4 pp |
| 2010 | 97.3% | CA$17.85 Billion | CA$480.00 Million | CA$154.75 Billion | ▲ +2.5 pp |
| 2009 | 94.8% | CA$7.67 Billion | CA$397.00 Million | CA$132.14 Billion | ▼ -2.7 pp |
| 2008 | 97.6% | CA$7.54 Billion | CA$183.00 Million | CA$129.33 Billion | ▲ +0.6 pp |
| 2007 | 97.0% | CA$5.60 Billion | CA$169.00 Million | CA$113.08 Billion | ▲ +0.3 pp |
| 2006 | 96.7% | CA$5.36 Billion | CA$177.00 Million | CA$116.80 Billion | ▲ +0.2 pp |
| 2005 | 96.5% | CA$5.08 Billion | CA$178.00 Million | CA$107.60 Billion | ▲ +0.4 pp |
| 2004 | 96.1% | CA$4.57 Billion | CA$180.00 Million | CA$88.81 Billion | ▲ +14.5 pp |
| 2003 | 81.6% | CA$4.50 Billion | CA$828.00 Million | CA$82.42 Billion | ▼ -0.1 pp |
| 2002 | 81.7% | CA$4.39 Billion | CA$804.00 Million | CA$74.59 Billion | ▼ -6.8 pp |
| 2001 | 88.5% | CA$4.60 Billion | CA$529.00 Million | CA$75.97 Billion | ▼ 0.0 pp |
| 2000 | 88.5% | CA$4.30 Billion | CA$492.00 Million | CA$75.83 Billion | ▼ -0.7 pp |
| 1999 | 89.2% | CA$3.74 Billion | CA$403.00 Million | CA$69.80 Billion | ▲ +0.4 pp |
| 1998 | 88.8% | CA$3.22 Billion | CA$359.00 Million | CA$70.66 Billion | ▼ -1.4 pp |
| 1997 | 90.3% | CA$3.23 Billion | CA$314.00 Million | CA$66.23 Billion | ▲ +2.0 pp |
| 1996 | 88.3% | CA$2.54 Billion | CA$298.00 Million | CA$53.13 Billion | ▲ +2.4 pp |
| 1995 | 85.9% | CA$2.36 Billion | CA$333.00 Million | CA$48.91 Billion | ▼ -3.6 pp |
| 1994 | 89.5% | CA$2.36 Billion | CA$247.60 Million | CA$44.77 Billion | ▲ +0.1 pp |
| 1993 | 89.4% | CA$2.01 Billion | CA$213.00 Million | CA$42.73 Billion | — |