Linde plc Ordinary Shares (LIN) - Net Assets
Based on the latest financial reports, Linde plc Ordinary Shares (LIN) has net assets worth $39.74 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($86.82 Billion) and total liabilities ($47.08 Billion). 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. Also explore Linde plc Ordinary Shares total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $39.74 Billion |
| % of Total Assets | 45.78% |
| Annual Growth Rate | 11.34% |
| 5-Year Change | -12.54% |
| 10-Year Change | 628.93% |
| Growth Volatility | 131.09 |
Linde plc Ordinary Shares - Net Assets Trend (1991–2025)
This chart illustrates how Linde plc Ordinary Shares's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see Linde plc Ordinary Shares stock valuation.
Annual Net Assets for Linde plc Ordinary Shares (1991–2025)
The table below shows the annual net assets of Linde plc Ordinary Shares from 1991 to 2025. Explore cash flow conversion of Linde plc Ordinary Shares to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $39.74 Billion | +0.64% |
| 2024-12-31 | $39.49 Billion | -3.91% |
| 2023-12-31 | $41.09 Billion | -0.71% |
| 2022-12-31 | $41.39 Billion | -8.92% |
| 2021-12-31 | $45.44 Billion | -8.35% |
| 2020-12-31 | $49.58 Billion | -3.98% |
| 2019-12-31 | $51.63 Billion | -9.56% |
| 2018-12-31 | $57.10 Billion | +775.44% |
| 2017-12-31 | $6.52 Billion | +19.63% |
| 2016-12-31 | $5.45 Billion | +11.13% |
| 2015-12-31 | $4.91 Billion | -20.69% |
| 2014-12-31 | $6.19 Billion | -15.38% |
| 2013-12-31 | $7.31 Billion | +9.55% |
| 2012-12-31 | $6.67 Billion | +15.11% |
| 2011-12-31 | $5.80 Billion | -5.66% |
| 2010-12-31 | $6.14 Billion | +8.80% |
| 2009-12-31 | $5.65 Billion | +31.01% |
| 2008-12-31 | $4.31 Billion | -21.09% |
| 2007-12-31 | $5.46 Billion | +14.38% |
| 2006-12-31 | $4.78 Billion | +16.37% |
| 2005-12-31 | $4.10 Billion | +7.07% |
| 2004-12-31 | $3.83 Billion | +16.75% |
| 2003-12-31 | $3.28 Billion | +31.11% |
| 2002-12-31 | $2.50 Billion | -4.35% |
| 2001-12-31 | $2.62 Billion | +4.10% |
| 2000-12-31 | $2.52 Billion | -7.67% |
| 1999-12-31 | $2.72 Billion | -5.87% |
| 1998-12-31 | $2.89 Billion | +6.48% |
| 1997-12-31 | $2.72 Billion | +9.07% |
| 1996-12-31 | $2.49 Billion | +62.98% |
| 1995-12-31 | $1.53 Billion | +26.36% |
| 1994-12-31 | $1.21 Billion | +23.47% |
| 1993-12-31 | $980.00 Million | +3.70% |
| 1992-12-31 | $945.00 Million | -8.43% |
| 1991-12-31 | $1.03 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Linde plc Ordinary Shares'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 grown by 1660800000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $16.61 Billion | 43.43% |
| Common Stock | $1.00 Million | 0.00% |
| Other Comprehensive Income | $-6.23 Billion | -16.30% |
| Other Components | $27.87 Billion | 72.87% |
| Total Equity | $38.24 Billion | 100.00% |
Linde plc Ordinary Shares Competitors by Market Cap
The table below lists competitors of Linde plc Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
T-Mobile US Inc
NASDAQ:TMUS
|
$215.41 Billion |
|
PepsiCo Inc
NASDAQ:PEP
|
$216.60 Billion |
|
International Business Machines
NYSE:IBM
|
$216.67 Billion |
|
American Express Company
NYSE:AXP
|
$221.81 Billion |
|
Reliance Industries Limited
NSE:RELIANCE
|
$209.40 Billion |
|
McDonald’s Corporation
NYSE:MCD
|
$209.08 Billion |
|
Texas Instruments Incorporated
NASDAQ:TXN
|
$205.49 Billion |
|
Commonwealth Bank of Australia
AU:CBA
|
$205.46 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Linde plc Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 38,092,000,000 to 38,245,000,000, a change of 153,000,000 (0.4%).
- Net income of 6,898,000,000 contributed positively to equity growth.
- Dividend payments of 2,811,000,000 reduced retained earnings.
- Share repurchases of 4,601,000,000 reduced equity.
- Other comprehensive income increased equity by 661,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.90 Billion | +18.04% |
| Dividends Paid | $2.81 Billion | -7.35% |
| Share Repurchases | $4.60 Billion | -12.03% |
| Other Comprehensive Income | $661.00 Million | +1.73% |
| Other Changes | $6.00 Million | +0.02% |
| Total Change | $- | 0.40% |
Book Value vs Market Value Analysis
This analysis compares Linde plc Ordinary Shares'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: 6.14x
- 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 decreased from 196.42x to 6.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | $2.55 | $501.14 | x |
| 1992-12-31 | $2.09 | $501.14 | x |
| 1993-12-31 | $2.34 | $501.14 | x |
| 1994-12-31 | $3.00 | $501.14 | x |
| 1995-12-31 | $3.89 | $501.14 | x |
| 1996-12-31 | $6.28 | $501.14 | x |
| 1997-12-31 | $6.70 | $501.14 | x |
| 1998-12-31 | $7.37 | $501.14 | x |
| 1999-12-31 | $7.29 | $501.14 | x |
| 2000-12-31 | $7.38 | $501.14 | x |
| 2001-12-31 | $7.57 | $501.14 | x |
| 2002-12-31 | $7.10 | $501.14 | x |
| 2003-12-31 | $9.33 | $501.14 | x |
| 2004-12-31 | $10.89 | $501.14 | x |
| 2005-12-31 | $11.84 | $501.14 | x |
| 2006-12-31 | $13.83 | $501.14 | x |
| 2007-12-31 | $15.83 | $501.14 | x |
| 2008-12-31 | $12.59 | $501.14 | x |
| 2009-12-31 | $17.01 | $501.14 | x |
| 2010-12-31 | $18.60 | $501.14 | x |
| 2011-12-31 | $17.89 | $501.14 | x |
| 2012-12-31 | $20.09 | $501.14 | x |
| 2013-12-31 | $22.11 | $501.14 | x |
| 2014-12-31 | $19.02 | $501.14 | x |
| 2015-12-31 | $15.18 | $501.14 | x |
| 2016-12-31 | $17.45 | $501.14 | x |
| 2017-12-31 | $20.82 | $501.14 | x |
| 2018-12-31 | $154.42 | $501.14 | x |
| 2019-12-31 | $90.02 | $501.14 | x |
| 2020-12-31 | $89.08 | $501.14 | x |
| 2021-12-31 | $84.38 | $501.14 | x |
| 2022-12-31 | $79.41 | $501.14 | x |
| 2023-12-31 | $80.68 | $501.14 | x |
| 2024-12-31 | $79.01 | $501.14 | x |
| 2025-12-31 | $81.60 | $501.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Linde plc Ordinary Shares 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): 18.04%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.30%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.27x
- Recent ROE (18.04%) is below the historical average (18.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 16.46% | 4.33% | 0.72x | 5.31x | $42.00 Million |
| 1992 | -11.03% | -2.30% | 0.78x | 6.15x | $-114.40 Million |
| 1993 | 18.58% | 4.84% | 0.75x | 5.13x | $54.50 Million |
| 1994 | 24.20% | 7.49% | 0.77x | 4.20x | $119.10 Million |
| 1995 | 23.37% | 8.33% | 0.76x | 3.69x | $149.90 Million |
| 1996 | 14.11% | 6.34% | 0.59x | 3.77x | $82.10 Million |
| 1997 | 18.43% | 8.55% | 0.61x | 3.55x | $185.30 Million |
| 1998 | 17.66% | 8.79% | 0.60x | 3.36x | $184.30 Million |
| 1999 | 18.22% | 9.29% | 0.60x | 3.27x | $194.50 Million |
| 2000 | 15.27% | 7.20% | 0.65x | 3.27x | $125.30 Million |
| 2001 | 17.36% | 8.34% | 0.67x | 3.11x | $182.30 Million |
| 2002 | 17.48% | 7.98% | 0.69x | 3.16x | $175.00 Million |
| 2003 | 18.94% | 10.42% | 0.68x | 2.69x | $276.20 Million |
| 2004 | 19.32% | 10.57% | 0.67x | 2.74x | $336.20 Million |
| 2005 | 18.61% | 9.48% | 0.73x | 2.69x | $335.80 Million |
| 2006 | 21.70% | 11.87% | 0.75x | 2.44x | $532.60 Million |
| 2007 | 22.89% | 12.52% | 0.70x | 2.60x | $662.80 Million |
| 2008 | 30.21% | 11.22% | 0.83x | 3.26x | $810.10 Million |
| 2009 | 23.59% | 14.00% | 0.63x | 2.69x | $722.50 Million |
| 2010 | 20.63% | 11.81% | 0.66x | 2.64x | $615.80 Million |
| 2011 | 30.47% | 14.86% | 0.69x | 2.98x | $1.12 Billion |
| 2012 | 27.90% | 15.07% | 0.62x | 2.98x | $1.09 Billion |
| 2013 | 26.55% | 14.72% | 0.59x | 3.06x | $1.09 Billion |
| 2014 | 30.13% | 13.80% | 0.62x | 3.52x | $1.13 Billion |
| 2015 | 35.25% | 14.36% | 0.59x | 4.17x | $1.11 Billion |
| 2016 | 29.87% | 14.24% | 0.54x | 3.85x | $997.90 Million |
| 2017 | 20.72% | 10.90% | 0.56x | 3.40x | $645.20 Million |
| 2018 | 8.49% | 29.53% | 0.16x | 1.81x | $-778.60 Million |
| 2019 | 4.66% | 8.09% | 0.33x | 1.76x | $-2.62 Billion |
| 2020 | 5.29% | 9.18% | 0.31x | 1.86x | $-2.23 Billion |
| 2021 | 8.69% | 12.42% | 0.38x | 1.85x | $-577.50 Million |
| 2022 | 10.36% | 12.43% | 0.42x | 1.99x | $144.20 Million |
| 2023 | 15.61% | 18.87% | 0.41x | 2.03x | $2.23 Billion |
| 2024 | 17.23% | 19.89% | 0.41x | 2.10x | $2.76 Billion |
| 2025 | 18.04% | 20.30% | 0.39x | 2.27x | $3.07 Billion |
Industry Comparison
This section compares Linde plc Ordinary Shares's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,736,890,658
- Average return on equity (ROE) among peers: -15.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Linde plc Ordinary Shares (LIN) | $39.74 Billion | 16.46% | 1.18x | $210.18 Billion |
| Albemarle Corp (ALB) | $9.67 Billion | 16.28% | 0.89x | $19.80 Billion |
| Alto Ingredients Inc (ALTO) | $4.47 Million | 26.15% | 0.13x | $212.84 Million |
| Aemetis Inc (AMTX) | $4.99 Million | -317.11% | 3.71x | $154.69 Million |
| Air Products and Chemicals Inc (APD) | $3.22 Billion | 14.44% | 1.51x | $62.29 Billion |
| Ashland Global Holdings Inc (ASH) | $1.12 Billion | 16.40% | 2.80x | $2.44 Billion |
| Avient Corp (AVNT) | $1.79 Billion | 12.89% | 1.79x | $3.16 Billion |
| Axalta Coating Systems Ltd (AXTA) | $1.54 Billion | 17.15% | 3.69x | $6.07 Billion |
| Balchem Corporation (BCPC) | $5.90 Million | 13.56% | 1.08x | $5.18 Billion |
| BioNexus Gene Lab Corp Common stock (BGLC) | $7.18 Million | 10.47% | 0.33x | $4.96 Million |
| Bon Natural Life Ltd (BON) | $7.26 Million | 35.44% | 1.69x | $7.77 Million |
About Linde plc Ordinary Shares
Linde plc operates as an industrial gas company in the United States, China, Germany, the United Kingdom, Australia, Mexico, Brazil, and internationally. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, specialty gases, acetylene, etc. The company also designs and constru… Read more