Tucows Inc. (TC) - Total Assets
Based on the latest financial reports, Tucows Inc. (TC) holds total assets worth CA$727.37 Million CAD (≈ $526.17 Million USD) as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore how well can Tucows Inc. service its debt to assess how comfortably operating cash covers total debt obligations.
Tucows Inc. - Total Assets Trend (1996–2025)
This chart illustrates how Tucows Inc.'s total assets have evolved over time, based on quarterly financial data. See Tucows Inc. net assets for net asset value and shareholders' equity analysis.
Tucows Inc. - Asset Composition Analysis
Current Asset Composition (December 2025)
Tucows Inc.'s total assets of CA$727.37 Million consist of 13.5% current assets and 86.5% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 6.7% |
| Accounts Receivable | CA$24.60 Million | 3.1% |
| Inventory | CA$3.87 Million | 0.5% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$19.70 Million | 2.5% |
| Goodwill | CA$130.41 Million | 16.7% |
Asset Composition Trend (1996–2025)
This chart illustrates how Tucows Inc.'s asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see Tucows Inc. market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Tucows Inc.'s current assets represent 13.5% of total assets in 2025, a decrease from 94.0% in 1996.
- Cash Position: Cash and equivalents constituted 6.7% of total assets in 2025, down from 53.3% in 1996.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 18.0% of total assets, an increase from 0.0% in 1996.
- Asset Diversification: The largest asset category is goodwill at 16.7% of total assets.
Tucows Inc. Competitors by Total Assets
Key competitors of Tucows Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenzhen Ysstech Info-Tech Co Ltd
SHE:300377
|
China | CN¥2.64 Billion |
|
Topsec Technologies Group Inc
SHE:002212
|
China | CN¥11.19 Billion |
|
Beijing Shenzhou Aerospace Software Technology Co. Ltd. A
SHG:688562
|
China | CN¥2.93 Billion |
|
QORIA Ltd
AU:QOR
|
Australia | AU$333.44 Million |
|
SEEING MACHINES LTD
F:M2Z
|
Germany | €109.54 Million |
|
WORLDLINE S.A. UNSP.ADR
F:WO60
|
Germany | €13.15 Billion |
|
Findi Ltd
AU:FND
|
Australia | AU$280.69 Million |
|
LIGHTON
PA:ALTAI
|
France | €12.98 Million |
Tucows Inc. - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.29 | 1.01 | 0.86 |
| Quick Ratio | 0.28 | 0.99 | 0.84 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$-237.86 Million | CA$1.52 Million | CA$-24.26 Million |
Tucows Inc. - Advanced Valuation Insights
This section examines the relationship between Tucows Inc.'s asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.42 |
| Latest Market Cap to Assets Ratio | 0.22 |
| Asset Growth Rate (YoY) | 3.1% |
| Total Assets | CA$782.37 Million |
| Market Capitalization | $175.26 Million USD |
Valuation Analysis
Below Book Valuation: The market values Tucows Inc.'s assets below their book value (0.22x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Tucows Inc.'s assets grew by 3.1% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Tucows Inc. (1996–2025)
The table below shows the annual total assets of Tucows Inc. from 1996 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | CA$782.37 Million ≈ $565.96 Million |
+3.11% |
| 2024-12-31 | CA$758.80 Million ≈ $548.90 Million |
-4.96% |
| 2023-12-31 | CA$798.43 Million ≈ $577.57 Million |
+20.11% |
| 2022-12-31 | CA$664.75 Million ≈ $480.87 Million |
+23.19% |
| 2021-12-31 | CA$539.60 Million ≈ $390.34 Million |
+19.41% |
| 2020-12-31 | CA$451.90 Million ≈ $326.90 Million |
+6.10% |
| 2019-12-31 | CA$425.92 Million ≈ $308.10 Million |
+25.43% |
| 2018-12-31 | CA$339.57 Million ≈ $245.64 Million |
-3.16% |
| 2017-12-31 | CA$350.65 Million ≈ $253.66 Million |
+127.09% |
| 2016-12-31 | CA$154.41 Million ≈ $111.70 Million |
+19.58% |
| 2015-12-31 | CA$129.13 Million ≈ $93.41 Million |
+2.65% |
| 2014-12-31 | CA$125.80 Million ≈ $91.00 Million |
+3.66% |
| 2013-12-31 | CA$121.35 Million ≈ $87.78 Million |
+2.17% |
| 2012-12-31 | CA$118.77 Million ≈ $85.92 Million |
+2.67% |
| 2011-12-31 | CA$115.69 Million ≈ $83.69 Million |
+14.00% |
| 2010-12-31 | CA$101.48 Million ≈ $73.41 Million |
-2.55% |
| 2009-12-31 | CA$104.14 Million ≈ $75.33 Million |
+7.89% |
| 2008-12-31 | CA$96.52 Million ≈ $69.82 Million |
-3.52% |
| 2007-12-31 | CA$100.04 Million ≈ $72.37 Million |
+18.16% |
| 2006-12-31 | CA$84.67 Million ≈ $61.25 Million |
+48.39% |
| 2005-12-31 | CA$57.06 Million ≈ $41.27 Million |
+20.62% |
| 2004-12-31 | CA$47.30 Million ≈ $34.22 Million |
+33.87% |
| 2003-12-31 | CA$35.34 Million ≈ $25.56 Million |
+22.47% |
| 2002-12-31 | CA$28.85 Million ≈ $20.87 Million |
+12.75% |
| 2001-12-31 | CA$25.59 Million ≈ $18.51 Million |
+62.00% |
| 2000-12-31 | CA$15.80 Million ≈ $11.43 Million |
-47.52% |
| 1999-12-31 | CA$30.10 Million ≈ $21.77 Million |
+195.10% |
| 1998-12-31 | CA$10.20 Million ≈ $7.38 Million |
-45.74% |
| 1997-12-31 | CA$18.80 Million ≈ $13.60 Million |
-37.75% |
| 1996-12-31 | CA$30.20 Million ≈ $21.85 Million |
-- |
About Tucows Inc.
Tucows Inc. provides domain name registration, email, and other internet related services in North America and Europe. It operates through three segments: Ting, Wavelo, and Tucows Domains. The Ting segment provides gigabit fiber and fixed wireless internet services to consumer and business customers. The Wavelo segment offers full-service platforms and professional services that support communica… Read more