Tucows Inc. (TC) — Tangible Net Worth Ratio
Tucows Inc. (TC) has a Tangible Net Worth Ratio of -198.6% as of December 2023. This metric is calculated by deducting intangible assets (CA$29.48 Million) from net assets (CA$9.88 Million) 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 TC current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tucows Inc. Tangible Net Worth Ratio (1996–2023)
This chart shows how Tucows Inc.'s Tangible Net Worth Ratio has changed across 25 annual periods from 1996 to 2023. As of December 2023, the ratio stands at -198.6%, reflecting net assets of CA$9.88 Million with intangible assets of CA$29.48 Million CAD. See Tucows Inc. defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Tucows Inc. (1996–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Tucows Inc. from 1996 to 2023, covering 25 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 Tucows Inc. (TC) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | -198.6% | CA$9.88 Million | CA$29.48 Million | CA$798.43 Million | ▼ -257.4 pp |
| 2022 | 58.8% | CA$96.66 Million | CA$39.79 Million | CA$664.75 Million | ▲ +2.6 pp |
| 2021 | 56.2% | CA$115.09 Million | CA$50.41 Million | CA$539.60 Million | ▲ +1.5 pp |
| 2020 | 54.7% | CA$104.70 Million | CA$47.44 Million | CA$451.90 Million | ▲ +15.9 pp |
| 2019 | 38.8% | CA$94.19 Million | CA$57.65 Million | CA$425.92 Million | ▲ +0.7 pp |
| 2018 | 38.1% | CA$79.78 Million | CA$49.40 Million | CA$339.57 Million | ▲ +35.1 pp |
| 2017 | 3.0% | CA$60.21 Million | CA$58.41 Million | CA$350.65 Million | ▼ -44.2 pp |
| 2016 | 47.2% | CA$37.82 Million | CA$19.97 Million | CA$154.41 Million | ▲ +2.1 pp |
| 2015 | 45.0% | CA$26.33 Million | CA$14.47 Million | CA$129.13 Million | ▼ -15.1 pp |
| 2014 | 60.2% | CA$35.64 Million | CA$14.20 Million | CA$125.80 Million | ▲ +17.4 pp |
| 2013 | 42.8% | CA$26.92 Million | CA$15.40 Million | CA$121.35 Million | ▲ +4.6 pp |
| 2012 | 38.2% | CA$26.55 Million | CA$16.42 Million | CA$118.77 Million | ▼ -4.4 pp |
| 2011 | 42.5% | CA$30.42 Million | CA$17.48 Million | CA$115.69 Million | ▲ +13.1 pp |
| 2010 | 29.4% | CA$23.92 Million | CA$16.88 Million | CA$101.48 Million | ▼ -10.6 pp |
| 2009 | 40.0% | CA$31.10 Million | CA$18.66 Million | CA$104.14 Million | ▲ +34.2 pp |
| 2008 | 5.8% | CA$21.45 Million | CA$20.21 Million | CA$96.52 Million | ▲ +20.3 pp |
| 2007 | -14.5% | CA$19.35 Million | CA$22.15 Million | CA$100.04 Million | ▼ -14.4 pp |
| 2006 | -0.1% | CA$18.54 Million | CA$18.55 Million | CA$84.67 Million | ▼ -92.4 pp |
| 2005 | 92.3% | CA$13.09 Million | CA$1.01 Million | CA$57.06 Million | ▲ +21.9 pp |
| 2004 | 70.4% | CA$7.46 Million | CA$2.21 Million | CA$47.30 Million | ▼ -29.6 pp |
| 2003 | 100.0% | CA$866.12K | CA$0.00 | CA$35.34 Million | ▲ +0.0 pp |
| 2000 | 100.0% | CA$12.45 Million | CA$0.00 | CA$15.80 Million | ▲ +0.0 pp |
| 1999 | 100.0% | CA$22.90 Million | CA$0.00 | CA$30.10 Million | ▲ +0.0 pp |
| 1997 | 100.0% | CA$10.50 Million | CA$0.00 | CA$18.80 Million | ▲ +0.0 pp |
| 1996 | 100.0% | CA$27.70 Million | CA$0.00 | CA$30.20 Million | — |