• Waste Connections average return on tangible equity for 2023 was -63.29, a 32.62% decline from 2022.
• Waste Connections average return on tangible equity for 2022 was -93.93, a 99.28% decline from 2021.
• Waste Connections average return on tangible equity for 2021 was -12964.63, a 1345.17% decline 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.