Royal Bank of Canada (RY) — Tangible Net Worth Ratio
Royal Bank of Canada (RY) has a Tangible Net Worth Ratio of 94.7% as of October 2025. This metric is calculated by deducting intangible assets (CA$7.40 Billion) from net assets (CA$139.15 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 Royal Bank of Canada (RY) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Royal Bank of Canada Tangible Net Worth Ratio (1993–2025)
This chart shows how Royal Bank of Canada's Tangible Net Worth Ratio has changed across 33 annual periods from 1993 to 2025. As of October 2025, the ratio stands at 94.7%, reflecting net assets of CA$139.15 Billion with intangible assets of CA$7.40 Billion CAD. See operational self-sufficiency of Royal Bank of Canada to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Royal Bank of Canada (1993–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Royal 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 Royal Bank of Canada market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 94.7% | CA$139.15 Billion | CA$7.40 Billion | CA$2.33 Trillion | ▲ +0.8 pp |
| 2024 | 93.9% | CA$127.19 Billion | CA$7.80 Billion | CA$2.17 Trillion | ▼ -1.2 pp |
| 2023 | 95.1% | CA$119.30 Billion | CA$5.90 Billion | CA$2.01 Trillion | ▲ +0.7 pp |
| 2022 | 94.4% | CA$108.17 Billion | CA$6.08 Billion | CA$1.92 Trillion | ▼ -1.1 pp |
| 2021 | 95.5% | CA$98.76 Billion | CA$4.47 Billion | CA$1.71 Trillion | ▲ +0.9 pp |
| 2020 | 94.5% | CA$86.77 Billion | CA$4.75 Billion | CA$1.62 Trillion | ▲ +0.1 pp |
| 2019 | 94.4% | CA$83.62 Billion | CA$4.67 Billion | CA$1.43 Trillion | ▲ +0.3 pp |
| 2018 | 94.1% | CA$79.95 Billion | CA$4.69 Billion | CA$1.33 Trillion | ▲ +0.2 pp |
| 2017 | 93.9% | CA$74.43 Billion | CA$4.51 Billion | CA$1.21 Trillion | ▲ +0.4 pp |
| 2016 | 93.5% | CA$71.61 Billion | CA$4.65 Billion | CA$1.18 Trillion | ▼ -2.1 pp |
| 2015 | 95.6% | CA$63.94 Billion | CA$2.81 Billion | CA$1.07 Trillion | ▲ +0.7 pp |
| 2014 | 94.9% | CA$54.50 Billion | CA$2.77 Billion | CA$940.55 Billion | ▲ +0.6 pp |
| 2013 | 94.3% | CA$49.26 Billion | CA$2.80 Billion | CA$859.75 Billion | ▲ +0.2 pp |
| 2012 | 94.2% | CA$46.03 Billion | CA$2.69 Billion | CA$825.10 Billion | ▼ -3.4 pp |
| 2011 | 97.5% | CA$85.78 Billion | CA$2.12 Billion | CA$793.83 Billion | ▲ +2.2 pp |
| 2010 | 95.3% | CA$41.21 Billion | CA$1.93 Billion | CA$726.21 Billion | ▲ +0.5 pp |
| 2009 | 94.8% | CA$38.98 Billion | CA$2.03 Billion | CA$654.99 Billion | ▼ -1.4 pp |
| 2008 | 96.2% | CA$33.13 Billion | CA$1.25 Billion | CA$723.86 Billion | ▼ -1.4 pp |
| 2007 | 97.6% | CA$25.92 Billion | CA$628.00 Million | CA$600.35 Billion | ▲ +0.2 pp |
| 2006 | 97.3% | CA$24.19 Billion | CA$642.00 Million | CA$536.78 Billion | ▼ -0.8 pp |
| 2005 | 98.1% | CA$22.09 Billion | CA$409.00 Million | CA$469.52 Billion | ▼ -1.9 pp |
| 2004 | 100.0% | CA$17.64 Billion | CA$0.00 | CA$426.22 Billion | ▲ +0.0 pp |
| 2003 | 100.0% | CA$20.76 Billion | CA$0.00 | CA$403.03 Billion | ▲ +0.0 pp |
| 2002 | 100.0% | CA$20.25 Billion | CA$0.00 | CA$376.96 Billion | ▲ +0.0 pp |
| 2001 | 100.0% | CA$19.64 Billion | CA$0.00 | CA$359.26 Billion | ▲ +0.0 pp |
| 2000 | 100.0% | CA$9.69 Billion | CA$0.00 | CA$289.74 Billion | ▲ +0.0 pp |
| 1999 | 100.0% | CA$12.41 Billion | CA$0.00 | CA$273.30 Billion | ▲ +13.9 pp |
| 1998 | 86.1% | CA$19.07 Billion | CA$2.65 Billion | CA$281.07 Billion | ▼ -13.9 pp |
| 1997 | 100.0% | CA$9.66 Billion | CA$0.00 | CA$244.04 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | CA$10.34 Billion | CA$0.00 | CA$218.08 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | CA$9.03 Billion | CA$0.00 | CA$183.65 Billion | ▲ +0.0 pp |
| 1994 | 100.0% | CA$8.59 Billion | CA$0.00 | CA$173.08 Billion | ▲ +15.8 pp |
| 1993 | 84.2% | CA$8.02 Billion | CA$1.26 Billion | CA$164.94 Billion | — |