• Equinix average return on tangible equity for 2023 was 20.35, a 13.12% decline from 2022.
• Equinix average return on tangible equity for 2022 was 17.99, a 36.81% increase from 2021.
• Equinix average return on tangible equity for 2021 was 13.15, a 34.71% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.