Toronto Dominion Bank (TD) — Tangible Net Worth Ratio
Toronto Dominion Bank (TD) has a Tangible Net Worth Ratio of 97.3% as of January 2026. This metric is calculated by deducting intangible assets (CA$3.44 Billion) from net assets (CA$125.60 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 working capital to net assets of Toronto Dominion Bank to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Toronto Dominion Bank Tangible Net Worth Ratio (1995–2025)
This chart shows how Toronto Dominion Bank's Tangible Net Worth Ratio has changed across 31 annual periods from 1995 to 2025. As of January 2026, the ratio stands at 97.3%, reflecting net assets of CA$125.60 Billion with intangible assets of CA$3.44 Billion CAD. See TD days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Toronto Dominion Bank (1995–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Toronto Dominion Bank from 1995 to 2025, covering 31 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 TD stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 97.3% | CA$127.83 Billion | CA$3.41 Billion | CA$2.09 Trillion | ▼ 0.0 pp |
| 2024 | 97.4% | CA$115.16 Billion | CA$3.04 Billion | CA$2.06 Trillion | ▼ -0.2 pp |
| 2023 | 97.5% | CA$112.07 Billion | CA$2.77 Billion | CA$1.96 Trillion | ▼ -0.4 pp |
| 2022 | 97.9% | CA$111.38 Billion | CA$2.30 Billion | CA$1.92 Trillion | ▲ +0.1 pp |
| 2021 | 97.9% | CA$99.82 Billion | CA$2.12 Billion | CA$1.73 Trillion | ▲ +0.1 pp |
| 2020 | 97.8% | CA$95.50 Billion | CA$2.12 Billion | CA$1.72 Trillion | ▲ +0.6 pp |
| 2019 | 97.1% | CA$87.70 Billion | CA$2.50 Billion | CA$1.42 Trillion | ▲ +0.2 pp |
| 2018 | 96.9% | CA$80.04 Billion | CA$2.46 Billion | CA$1.33 Trillion | ▲ +0.4 pp |
| 2017 | 96.5% | CA$75.19 Billion | CA$2.62 Billion | CA$1.28 Trillion | ▲ +0.2 pp |
| 2016 | 96.4% | CA$72.56 Billion | CA$2.64 Billion | CA$1.18 Trillion | ▲ +0.3 pp |
| 2015 | 96.0% | CA$67.03 Billion | CA$2.67 Billion | CA$1.10 Trillion | ▲ +0.8 pp |
| 2014 | 95.2% | CA$56.23 Billion | CA$2.68 Billion | CA$960.51 Billion | ▲ +0.1 pp |
| 2013 | 95.1% | CA$51.38 Billion | CA$2.49 Billion | CA$862.02 Billion | ▼ -0.3 pp |
| 2012 | 95.5% | CA$49.00 Billion | CA$2.22 Billion | CA$811.11 Billion | ▲ +0.2 pp |
| 2011 | 95.3% | CA$44.00 Billion | CA$2.07 Billion | CA$735.49 Billion | ▲ +0.5 pp |
| 2010 | 94.8% | CA$39.87 Billion | CA$2.09 Billion | CA$667.41 Billion | ▲ +1.3 pp |
| 2009 | 93.4% | CA$38.72 Billion | CA$2.55 Billion | CA$557.22 Billion | ▲ +3.3 pp |
| 2008 | 90.1% | CA$31.67 Billion | CA$3.14 Billion | CA$563.21 Billion | ▼ -0.1 pp |
| 2007 | 90.2% | CA$21.40 Billion | CA$2.10 Billion | CA$422.12 Billion | ▲ +0.1 pp |
| 2006 | 90.1% | CA$19.63 Billion | CA$1.95 Billion | CA$392.91 Billion | ▲ +3.5 pp |
| 2005 | 86.6% | CA$15.87 Billion | CA$2.12 Billion | CA$365.21 Billion | ▲ +62.1 pp |
| 2004 | 24.5% | CA$15.23 Billion | CA$11.49 Billion | CA$311.03 Billion | ▼ -75.5 pp |
| 2003 | 100.0% | CA$14.36 Billion | CA$0.00 | CA$273.53 Billion | ▲ +0.0 pp |
| 2002 | 100.0% | CA$14.29 Billion | CA$0.00 | CA$278.04 Billion | ▲ +0.0 pp |
| 2001 | 100.0% | CA$14.68 Billion | CA$0.00 | CA$287.84 Billion | ▲ +0.0 pp |
| 2000 | 100.0% | CA$14.01 Billion | CA$0.00 | CA$264.82 Billion | ▲ +34.1 pp |
| 1999 | 65.9% | CA$11.87 Billion | CA$4.05 Billion | CA$214.42 Billion | ▲ +32.1 pp |
| 1998 | 33.7% | CA$8.53 Billion | CA$5.65 Billion | CA$181.83 Billion | ▼ -66.3 pp |
| 1997 | 100.0% | CA$7.30 Billion | CA$0.00 | CA$163.85 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | CA$6.68 Billion | CA$0.00 | CA$125.64 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | CA$6.05 Billion | CA$0.00 | CA$109.01 Billion | — |