National Bank of Canada (NA) — Tangible Net Worth Ratio
National Bank of Canada (NA) has a Tangible Net Worth Ratio of 95.0% as of April 2026. This metric is calculated by deducting intangible assets (CA$1.69 Billion) from net assets (CA$33.58 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 National Bank of Canada annual equity growth to track the company's year-over-year net asset growth rate.
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 April 2026, the ratio stands at 95.0%, reflecting net assets of CA$33.58 Billion with intangible assets of CA$1.69 Billion CAD. For live market cap and overall valuation, see market value of National Bank of Canada.
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. Explore NA capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
| 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 | — |