AngloGold Ashanti Ltd (ANG) - Net Assets

Latest as of December 2025: ZAC9.92 Billion ZAC ≈ $5.27 Million USD

Based on the latest financial reports, AngloGold Ashanti Ltd (ANG) has net assets worth ZAC9.92 Billion ZAC (≈ $5.27 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC15.08 Billion ≈ $8.01 Million USD) and total liabilities (ZAC5.16 Billion ≈ $2.74 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric	Value
Current Net Assets	ZAC9.92 Billion
% of Total Assets	65.76%
Annual Growth Rate	12.11%
5-Year Change	141.79%
10-Year Change	260.06%
Growth Volatility	45.77

AngloGold Ashanti Ltd - Net Assets Trend (1997–2025)

This chart illustrates how AngloGold Ashanti Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for AngloGold Ashanti Ltd (1997–2025)

The table below shows the annual net assets of AngloGold Ashanti Ltd from 1997 to 2025.

Year	Net Assets	Change
2025-12-31	ZAC9.92 Billion ≈ $5.27 Million	+16.48%
2024-12-31	ZAC8.51 Billion ≈ $4.52 Million	+127.62%
2023-12-31	ZAC3.74 Billion ≈ $1.99 Million	-8.22%
2022-12-31	ZAC4.08 Billion ≈ $2.17 Million	-0.63%
2021-12-31	ZAC4.10 Billion ≈ $2.18 Million	+9.65%
2020-12-31	ZAC3.74 Billion ≈ $1.99 Million	+39.76%
2019-12-31	ZAC2.68 Billion ≈ $1.42 Million	-0.67%
2018-12-31	ZAC2.69 Billion ≈ $1.43 Million	-0.37%
2017-12-31	ZAC2.70 Billion ≈ $1.44 Million	-1.82%
2016-12-31	ZAC2.75 Billion ≈ $1.46 Million	+11.63%
2015-12-31	ZAC2.47 Billion ≈ $1.31 Million	-14.07%
2014-12-31	ZAC2.87 Billion ≈ $1.53 Million	-7.60%
2013-12-31	ZAC3.11 Billion ≈ $1.65 Million	-43.45%
2012-12-31	ZAC5.49 Billion ≈ $2.92 Million	+6.72%
2011-12-31	ZAC5.15 Billion ≈ $2.74 Million	+25.17%
2010-12-31	ZAC4.11 Billion ≈ $2.19 Million	+34.78%
2009-12-31	ZAC3.05 Billion ≈ $1.62 Million	+21.53%
2008-12-31	ZAC2.51 Billion ≈ $1.33 Million	-3.98%
2007-12-31	ZAC2.62 Billion ≈ $1.39 Million	-22.38%
2006-12-31	ZAC3.37 Billion ≈ $1.79 Million	+4.53%
2005-12-31	ZAC3.22 Billion ≈ $1.71 Million	-1.95%
2004-12-31	ZAC3.29 Billion ≈ $1.75 Million	+55.05%
2003-12-31	ZAC2.12 Billion ≈ $1.13 Million	+13.98%
2002-12-31	ZAC1.86 Billion ≈ $988.49K	+62.16%
2001-12-31	ZAC1.15 Billion ≈ $609.57K	-22.55%
2000-12-31	ZAC1.48 Billion ≈ $787.08K	-12.87%
1999-12-31	ZAC1.70 Billion ≈ $903.30K	+46.58%
1998-12-31	ZAC1.16 Billion ≈ $616.27K	+187.03%
1997-12-31	ZAC404.00 Million ≈ $214.71K	--

Equity Component Analysis

This analysis shows how different components contribute to AngloGold Ashanti Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 69.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	ZAC76.00 Million	0.94%
Common Stock	ZAC554.00 Million	6.85%
Other Comprehensive Income	ZAC7.46 Billion	92.21%
Other Components	ZAC2.00	0.00%
Total Equity	ZAC8.09 Billion	100.00%

AngloGold Ashanti Ltd Competitors by Market Cap

The table below lists competitors of AngloGold Ashanti Ltd ranked by their market capitalization.

Company	Market Cap
Argen-X F:1AE	$44.01 Billion
Gold Fields Ltd DRC BA:GFI	$44.09 Billion
CBRE Group Inc Class A NYSE:CBRE	$44.13 Billion
Diageo plc MX:DEON	$44.15 Billion
Celestica Inc. TO:CLS	$43.91 Billion
Woodside Energy Group Ltd AU:WDS	$43.87 Billion
Coca-Cola European Partners PLC NASDAQ:CCEP	$43.76 Billion
Bank Central Asia Tbk JK:BBCA	$43.69 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in AngloGold Ashanti Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 6,629,000,000 to 8,091,000,000, a change of 1,462,000,000 (22.1%).
Net income of 2,635,999,999 contributed positively to equity growth.
Dividend payments of 1,870,999,999 reduced retained earnings.
Other comprehensive income increased equity by 42,000,000.
Other factors increased equity by 655,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	ZAC2.64 Billion	+32.58%
Dividends Paid	ZAC1.87 Billion	-23.12%
Other Comprehensive Income	ZAC42.00 Million	+0.52%
Other Changes	ZAC655.00 Million	+8.1%
Total Change	ZAC-	22.05%

Book Value vs Market Value Analysis

This analysis compares AngloGold Ashanti Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 10287.06x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 5244.35x to 10287.06x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1997-12-31	ZAC31.25	ZAC163876.00	x
1998-12-31	ZAC5.32	ZAC163876.00	x
1999-12-31	ZAC7.85	ZAC163876.00	x
2000-12-31	ZAC6.69	ZAC163876.00	x
2001-12-31	ZAC5.21	ZAC163876.00	x
2002-12-31	ZAC8.20	ZAC163876.00	x
2003-12-31	ZAC9.25	ZAC163876.00	x
2004-12-31	ZAC14.84	ZAC163876.00	x
2005-12-31	ZAC11.95	ZAC163876.00	x
2006-12-31	ZAC12.13	ZAC163876.00	x
2007-12-31	ZAC9.20	ZAC163876.00	x
2008-12-31	ZAC10.47	ZAC163876.00	x
2009-12-31	ZAC9.18	ZAC163876.00	x
2010-12-31	ZAC11.96	ZAC163876.00	x
2011-12-31	ZAC11.83	ZAC163876.00	x
2012-12-31	ZAC12.97	ZAC163876.00	x
2013-12-31	ZAC7.59	ZAC163876.00	x
2014-12-31	ZAC6.98	ZAC163876.00	x
2015-12-31	ZAC5.93	ZAC163876.00	x
2016-12-31	ZAC6.55	ZAC163876.00	x
2017-12-31	ZAC6.41	ZAC163876.00	x
2018-12-31	ZAC6.35	ZAC163876.00	x
2019-12-31	ZAC6.31	ZAC163876.00	x
2020-12-31	ZAC8.81	ZAC163876.00	x
2021-12-31	ZAC9.63	ZAC163876.00	x
2022-12-31	ZAC9.60	ZAC163876.00	x
2023-12-31	ZAC8.81	ZAC163876.00	x
2024-12-31	ZAC15.38	ZAC163876.00	x
2025-12-31	ZAC15.93	ZAC163876.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently AngloGold Ashanti Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 32.58%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 26.65%
• Asset Turnover: 0.66x
• Equity Multiplier: 1.86x
Recent ROE (32.58%) is above the historical average (3.97%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1997	3.70%	6.20%	0.78x	0.76x	ZAC-84.79 Million
1998	26.66%	14.20%	0.84x	2.22x	ZAC198.40 Million
1999	25.95%	19.69%	0.53x	2.49x	ZAC266.88 Million
2000	11.42%	7.52%	0.58x	2.63x	ZAC20.70 Million
2001	21.93%	12.00%	0.62x	2.95x	ZAC133.30 Million
2002	19.56%	19.79%	0.40x	2.50x	ZAC174.00 Million
2003	11.93%	11.98%	0.37x	2.69x	ZAC39.90 Million
2004	2.11%	3.21%	0.31x	2.13x	ZAC-303.60 Million
2005	-9.23%	-11.75%	0.27x	2.88x	ZAC-608.30 Million
2006	-4.29%	-5.23%	0.29x	2.88x	ZAC-472.80 Million
2007	-31.90%	-24.82%	0.32x	4.07x	ZAC-1.07 Billion
2008	-35.97%	-31.93%	0.46x	2.43x	ZAC-1.53 Billion
2009	-11.28%	-8.98%	0.42x	2.97x	ZAC-705.89 Million
2010	1.70%	1.64%	0.49x	2.13x	ZAC-370.60 Million
2011	28.06%	23.58%	0.55x	2.16x	ZAC899.99 Million
2012	15.15%	13.05%	0.50x	2.33x	ZAC281.70 Million
2013	-64.47%	-38.38%	0.53x	3.14x	ZAC-2.29 Billion
2014	-2.60%	-1.49%	0.54x	3.21x	ZAC-358.50 Million
2015	1.28%	0.77%	0.55x	3.00x	ZAC-212.00 Million
2016	2.32%	1.49%	0.59x	2.63x	ZAC-208.50 Million
2017	5.44%	4.27%	0.47x	2.71x	ZAC-121.30 Million
2018	8.14%	6.47%	0.50x	2.50x	ZAC-49.20 Million
2019	-0.27%	-0.20%	0.51x	2.60x	ZAC-271.00 Million
2020	27.31%	21.96%	0.60x	2.08x	ZAC639.50 Million
2021	15.17%	15.24%	0.50x	1.98x	ZAC209.30 Million
2022	5.77%	5.18%	0.56x	1.98x	ZAC-171.00 Million
2023	-6.33%	-5.13%	0.56x	2.20x	ZAC-606.10 Million
2024	15.15%	17.33%	0.44x	1.98x	ZAC341.10 Million
2025	32.58%	26.65%	0.66x	1.86x	ZAC1.83 Billion

Industry Comparison

This section compares AngloGold Ashanti Ltd's net assets metrics with peer companies in the Gold industry.

Industry Context

Industry: Gold
Average net assets among peers: $6,680,980,847
Average return on equity (ROE) among peers: 6.87%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
AngloGold Ashanti Ltd (ANG)	ZAC9.92 Billion	3.70%	0.52x	$43.98 Billion
DRDGOLD Limited (DRD)	$-59.47 Million	0.00%	0.00x	$2.21 Billion
Gold Fields Ltd (GFI)	$510.60 Million	36.82%	0.49x	$36.01 Billion
Harmony Gold Mining Co. Ltd. (HAR)	$31.68 Billion	16.06%	0.56x	$9.17 Billion
Pan African Resources PLC (PAN)	$546.67 Million	25.90%	0.84x	$3.57 Billion
Randgold Exploration (RNG)	$727.11 Million	-44.42%	0.82x	$3.80 Million

About AngloGold Ashanti Ltd

JSE:ANG South Africa Gold

Market Cap

$43.98 Billion

ZAC82.76 Trillion ZAC

Market Cap Rank

#605 Global

#3 in South Africa

Share Price

ZAC163876.00

Change (1 day)

+2.42%

52-Week Range

ZAC71380.00 - ZAC203525.00

All Time High

ZAC203525.00