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 net asset value for net asset value and shareholders' equity analysis.
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. Also explore net asset growth rate of Tucows Inc. to track the company's year-over-year net asset growth rate.
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 market value of Tucows Inc..
| 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 | — |