TFI International Inc (TFII) — Tangible Net Worth Ratio
TFI International Inc (TFII) has a Tangible Net Worth Ratio of 75.1% as of September 2025. This metric is calculated by deducting intangible assets (CA$657.10 Million) from net assets (CA$2.64 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 TFII 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
TFI International Inc Tangible Net Worth Ratio (1996–2024)
This chart shows how TFI International Inc's Tangible Net Worth Ratio has changed across 29 annual periods from 1996 to 2024. As of September 2025, the ratio stands at 75.1%, reflecting net assets of CA$2.64 Billion with intangible assets of CA$657.10 Million CAD. See how many days can TFI International Inc fund operations to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for TFI International Inc (1996–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for TFI International Inc from 1996 to 2024, covering 29 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 TFII market cap.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 73.8% | CA$2.67 Billion | CA$700.68 Million | CA$7.14 Billion | ▼ -5.5 pp |
| 2023 | 79.3% | CA$2.59 Billion | CA$534.94 Million | CA$6.27 Billion | ▼ -8.1 pp |
| 2022 | 87.4% | CA$2.49 Billion | CA$313.59 Million | CA$5.56 Billion | ▲ +3.3 pp |
| 2021 | 84.1% | CA$2.29 Billion | CA$365.05 Million | CA$5.83 Billion | ▲ +4.9 pp |
| 2020 | 79.2% | CA$1.78 Billion | CA$370.84 Million | CA$3.83 Billion | ▲ +6.9 pp |
| 2019 | 72.3% | CA$1.15 Billion | CA$319.08 Million | CA$3.49 Billion | ▼ -0.8 pp |
| 2018 | 73.2% | CA$1.16 Billion | CA$310.66 Million | CA$2.97 Billion | ▲ +4.3 pp |
| 2017 | 68.8% | CA$1.13 Billion | CA$350.75 Million | CA$2.96 Billion | ▲ +3.6 pp |
| 2016 | 65.2% | CA$1.09 Billion | CA$377.20 Million | CA$3.03 Billion | ▲ +5.7 pp |
| 2015 | 59.6% | CA$740.35 Million | CA$299.19 Million | CA$2.43 Billion | ▲ +8.6 pp |
| 2014 | 51.0% | CA$931.26 Million | CA$456.12 Million | CA$3.11 Billion | ▼ -18.9 pp |
| 2013 | 70.0% | CA$784.53 Million | CA$235.74 Million | CA$2.05 Billion | ▲ +11.0 pp |
| 2012 | 58.9% | CA$727.37 Million | CA$298.90 Million | CA$2.11 Billion | ▲ +4.5 pp |
| 2011 | 54.4% | CA$664.75 Million | CA$302.99 Million | CA$2.07 Billion | ▼ -17.4 pp |
| 2010 | 71.9% | CA$611.83 Million | CA$172.11 Million | CA$1.65 Billion | ▼ -0.6 pp |
| 2009 | 72.5% | CA$507.13 Million | CA$139.71 Million | CA$1.45 Billion | ▼ -2.3 pp |
| 2008 | 74.8% | CA$475.77 Million | CA$120.07 Million | CA$1.51 Billion | ▼ -11.4 pp |
| 2007 | 86.1% | CA$502.77 Million | CA$69.69 Million | CA$1.46 Billion | ▼ -4.8 pp |
| 2006 | 90.9% | CA$499.36 Million | CA$45.23 Million | CA$1.04 Billion | ▼ -2.7 pp |
| 2005 | 93.6% | CA$340.85 Million | CA$21.77 Million | CA$786.27 Million | ▼ -4.4 pp |
| 2004 | 98.0% | CA$239.93 Million | CA$4.83 Million | CA$519.86 Million | ▼ -2.0 pp |
| 2003 | 100.0% | CA$159.05 Million | CA$0.00 | CA$325.41 Million | ▲ +0.0 pp |
| 2002 | 100.0% | CA$143.00 Million | CA$0.00 | CA$270.42 Million | ▲ +0.0 pp |
| 2001 | 100.0% | CA$71.59 Million | CA$0.00 | CA$204.12 Million | ▲ +0.0 pp |
| 2000 | 100.0% | CA$39.07 Million | CA$0.00 | CA$200.37 Million | ▲ +157.8 pp |
| 1999 | -57.8% | CA$31.41 Million | CA$49.59 Million | CA$206.73 Million | ▼ -157.8 pp |
| 1998 | 100.0% | CA$23.22 Million | CA$0.00 | CA$95.63 Million | ▲ +101.5 pp |
| 1997 | -1.5% | CA$19.09 Million | CA$19.37 Million | CA$70.22 Million | ▲ +212.4 pp |
| 1996 | -213.9% | CA$5.15 Million | CA$16.17 Million | CA$55.01 Million | — |