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