ArcelorMittal SA (MT) — Tangible Net Worth Ratio
ArcelorMittal SA (MT) has a Tangible Net Worth Ratio of 90.4% as of March 2026. This metric is calculated by deducting intangible assets (€5.49 Billion) from net assets (€57.21 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See working capital to net assets of ArcelorMittal SA to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
ArcelorMittal SA Tangible Net Worth Ratio (1997–2025)
This chart shows how ArcelorMittal SA's Tangible Net Worth Ratio has changed across 29 annual periods from 1997 to 2025. As of March 2026, the ratio stands at 90.4%, reflecting net assets of €57.21 Billion with intangible assets of €5.49 Billion EUR. See operational self-sufficiency of ArcelorMittal SA to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for ArcelorMittal SA (1997–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for ArcelorMittal SA from 1997 to 2025, covering 29 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see ArcelorMittal SA (MT) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 98.3% | €56.54 Billion | €986.00 Million | €97.71 Billion | ▼ -0.1 pp |
| 2024 | 98.3% | €51.29 Billion | €848.00 Million | €89.39 Billion | ▲ +0.5 pp |
| 2023 | 97.9% | €56.07 Billion | €1.19 Billion | €93.92 Billion | ▼ -0.1 pp |
| 2022 | 98.0% | €55.59 Billion | €1.14 Billion | €94.55 Billion | ▼ -1.1 pp |
| 2021 | 99.0% | €51.34 Billion | €494.00 Million | €90.51 Billion | ▼ -0.2 pp |
| 2020 | 99.2% | €40.24 Billion | €320.00 Million | €82.05 Billion | ▲ +0.0 pp |
| 2019 | 99.2% | €40.48 Billion | €328.00 Million | €87.91 Billion | ▲ +0.9 pp |
| 2018 | 98.3% | €44.11 Billion | €742.00 Million | €91.25 Billion | ▼ -0.6 pp |
| 2017 | 98.9% | €40.85 Billion | €443.00 Million | €85.30 Billion | ▲ +0.2 pp |
| 2016 | 98.8% | €32.33 Billion | €403.00 Million | €75.14 Billion | ▲ +0.4 pp |
| 2015 | 98.4% | €27.57 Billion | €449.00 Million | €76.85 Billion | ▲ +0.1 pp |
| 2014 | 98.3% | €45.16 Billion | €782.00 Million | €99.18 Billion | ▲ +0.1 pp |
| 2013 | 98.1% | €53.17 Billion | €999.00 Million | €112.31 Billion | ▲ +0.7 pp |
| 2012 | 97.4% | €55.20 Billion | €1.42 Billion | €114.57 Billion | ▲ +8.1 pp |
| 2011 | 89.3% | €60.48 Billion | €6.45 Billion | €121.88 Billion | ▲ +11.1 pp |
| 2010 | 78.3% | €66.10 Billion | €14.37 Billion | €130.90 Billion | ▲ +4.3 pp |
| 2009 | 74.0% | €65.40 Billion | €17.03 Billion | €127.70 Billion | ▼ -21.8 pp |
| 2008 | 95.8% | €59.23 Billion | €2.49 Billion | €133.09 Billion | ▼ -0.4 pp |
| 2007 | 96.2% | €61.53 Billion | €2.37 Billion | €133.62 Billion | ▲ +1.7 pp |
| 2006 | 94.5% | €50.19 Billion | €2.76 Billion | €112.17 Billion | ▲ +6.5 pp |
| 2005 | 88.0% | €11.98 Billion | €1.44 Billion | €31.04 Billion | ▼ -10.6 pp |
| 2004 | 98.6% | €7.59 Billion | €106.00 Million | €19.15 Billion | ▲ +77.1 pp |
| 2003 | 21.5% | €149.00 Million | €117.00 Million | €5.63 Billion | ▼ -13.7 pp |
| 2002 | 35.2% | €128.00 Million | €83.00 Million | €5.51 Billion | ▼ -64.8 pp |
| 2001 | 100.0% | €338.00 Million | €0.00 | €5.31 Billion | ▲ +11.5 pp |
| 2000 | 88.5% | €884.00 Million | €102.00 Million | €5.98 Billion | ▼ -11.5 pp |
| 1999 | 100.0% | €854.00 Million | €0.00 | €5.97 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | €801.00 Million | €0.00 | €5.93 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | €2.97 Billion | €0.00 | €5.24 Billion | — |