Waste Connections Inc (WCN) — Tangible Net Worth Ratio
Waste Connections Inc (WCN) has a Tangible Net Worth Ratio of 75.7% as of December 2025. This metric is calculated by deducting intangible assets (CA$2.01 Billion) from net assets (CA$8.25 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 WCN working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Waste Connections Inc Tangible Net Worth Ratio (1997–2025)
This chart shows how Waste Connections Inc's Tangible Net Worth Ratio has changed across 29 annual periods from 1997 to 2025. As of December 2025, the ratio stands at 75.7%, reflecting net assets of CA$8.25 Billion with intangible assets of CA$2.01 Billion CAD. See WCN cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Waste Connections Inc (1997–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Waste Connections Inc from 1997 to 2025, 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 Waste Connections Inc market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 75.7% | CA$8.25 Billion | CA$2.01 Billion | CA$21.13 Billion | ▲ +1.0 pp |
| 2024 | 74.7% | CA$7.86 Billion | CA$1.99 Billion | CA$19.82 Billion | ▼ -4.5 pp |
| 2023 | 79.2% | CA$7.70 Billion | CA$1.60 Billion | CA$17.92 Billion | ▲ +2.7 pp |
| 2022 | 76.5% | CA$7.11 Billion | CA$1.67 Billion | CA$17.13 Billion | ▼ -4.2 pp |
| 2021 | 80.7% | CA$6.99 Billion | CA$1.35 Billion | CA$14.70 Billion | ▼ -2.5 pp |
| 2020 | 83.2% | CA$6.86 Billion | CA$1.16 Billion | CA$13.99 Billion | ▼ -0.1 pp |
| 2019 | 83.2% | CA$6.94 Billion | CA$1.16 Billion | CA$13.74 Billion | ▲ +0.7 pp |
| 2018 | 82.5% | CA$6.46 Billion | CA$1.13 Billion | CA$12.63 Billion | ▼ -0.1 pp |
| 2017 | 82.7% | CA$6.27 Billion | CA$1.09 Billion | CA$12.01 Billion | ▲ +1.5 pp |
| 2016 | 81.1% | CA$5.65 Billion | CA$1.07 Billion | CA$11.19 Billion | ▲ +6.8 pp |
| 2015 | 74.3% | CA$1.99 Billion | CA$511.29 Million | CA$5.12 Billion | ▼ -2.8 pp |
| 2014 | 77.2% | CA$2.23 Billion | CA$510.00 Million | CA$5.25 Billion | ▲ +2.9 pp |
| 2013 | 74.2% | CA$2.05 Billion | CA$527.87 Million | CA$5.06 Billion | ▲ +3.0 pp |
| 2012 | 71.2% | CA$1.88 Billion | CA$541.91 Million | CA$5.08 Billion | ▲ +3.3 pp |
| 2011 | 67.9% | CA$1.40 Billion | CA$449.58 Million | CA$3.33 Billion | ▼ -4.3 pp |
| 2010 | 72.2% | CA$1.37 Billion | CA$381.48 Million | CA$2.92 Billion | ▼ -1.7 pp |
| 2009 | 73.9% | CA$1.36 Billion | CA$354.30 Million | CA$2.82 Billion | ▼ -1.7 pp |
| 2008 | 75.6% | CA$1.26 Billion | CA$306.44 Million | CA$2.60 Billion | ▼ -12.7 pp |
| 2007 | 88.3% | CA$805.37 Million | CA$93.96 Million | CA$1.98 Billion | ▼ -0.4 pp |
| 2006 | 88.7% | CA$764.47 Million | CA$86.10 Million | CA$1.77 Billion | ▲ +97.6 pp |
| 2005 | -8.9% | CA$744.56 Million | CA$810.77 Million | CA$1.68 Billion | ▼ -11.7 pp |
| 2004 | 2.8% | CA$731.94 Million | CA$711.51 Million | CA$1.49 Billion | ▲ +19.4 pp |
| 2003 | -16.6% | CA$561.42 Million | CA$654.84 Million | CA$1.40 Billion | ▲ +6.0 pp |
| 2002 | -22.7% | CA$474.79 Million | CA$582.47 Million | CA$1.26 Billion | ▼ -15.6 pp |
| 2001 | -7.1% | CA$399.79 Million | CA$428.00 Million | CA$979.35 Million | ▲ +1.7 pp |
| 2000 | -8.8% | CA$334.21 Million | CA$363.50 Million | CA$810.10 Million | ▼ -0.1 pp |
| 1999 | -8.6% | CA$218.50 Million | CA$237.40 Million | CA$617.30 Million | ▲ +53.1 pp |
| 1998 | -61.7% | CA$61.10 Million | CA$98.80 Million | CA$149.30 Million | ▼ -25.5 pp |
| 1997 | -36.2% | CA$6.90 Million | CA$9.40 Million | CA$18.90 Million | — |