Shopify Inc Tangible Net Worth Ratio
Shopify Inc tangible net worth ratio. Shopify Inc (SHOP) has a Tangible Net Worth Ratio of 99.8% as of June 2026. This metric is calculated by deducting intangible assets (CA$27.00 Million) from net assets (CA$12.68 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. Check Shopify Inc strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Shopify Inc (2013–2025)
Tangible net worth ratio of Shopify Inc from 2013 to 2025. This chart shows how Shopify Inc's Tangible Net Worth Ratio has changed across 13 annual periods from 2013 to 2025. As of June 2026, the ratio stands at 99.8%, reflecting net assets of CA$12.68 Billion with intangible assets of CA$27.00 Million CAD. See SHOP working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Shopify Inc Tangible Net Worth Ratio by Year (2013–2025)
Shopify Inc tangible net worth ratio by year from 2013 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for Shopify Inc from 2013 to 2025, covering 13 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 live market cap and overall valuation, see Shopify Inc (SHOP) total market value.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.8% | CA$13.45 Billion | CA$29.95 Million | CA$15.16 Billion | ▼ 0.0 pp |
| 2024 | 99.8% | CA$11.56 Billion | CA$22.00 Million | CA$13.92 Billion | ▲ +0.1 pp |
| 2023 | 99.7% | CA$9.07 Billion | CA$29.00 Million | CA$11.30 Billion | ▲ +4.4 pp |
| 2022 | 95.3% | CA$8.24 Billion | CA$390.15 Million | CA$10.76 Billion | ▼ -3.5 pp |
| 2021 | 98.8% | CA$11.13 Billion | CA$138.50 Million | CA$13.34 Billion | ▲ +0.9 pp |
| 2020 | 97.9% | CA$6.40 Billion | CA$135.68 Million | CA$7.76 Billion | ▲ +3.4 pp |
| 2019 | 94.5% | CA$3.02 Billion | CA$167.28 Million | CA$3.49 Billion | ▼ -4.3 pp |
| 2018 | 98.8% | CA$2.09 Billion | CA$26.07 Million | CA$2.25 Billion | ▲ +0.5 pp |
| 2017 | 98.3% | CA$1.00 Billion | CA$17.21 Million | CA$1.11 Billion | ▼ -0.2 pp |
| 2016 | 98.4% | CA$410.48 Million | CA$6.44 Million | CA$490.56 Million | ▲ +1.4 pp |
| 2015 | 97.0% | CA$195.32 Million | CA$5.83 Million | CA$243.71 Million | ▲ +1.0 pp |
| 2014 | 96.0% | CA$67.73 Million | CA$2.71 Million | CA$95.19 Million | ▼ -2.9 pp |
| 2013 | 98.9% | CA$85.38 Million | CA$926.00K | CA$95.79 Million | — |