The a2 Milk Company Ltd Tangible Net Worth Ratio
The a2 Milk Company Ltd tangible net worth ratio. The a2 Milk Company Ltd (A2M) has a Tangible Net Worth Ratio of 98.3% as of June 2026. This metric is calculated by deducting intangible assets (AU$18.58 Million) from net assets (AU$1.07 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. Check A2M capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of The a2 Milk Company Ltd (2004–2026)
Tangible net worth ratio of The a2 Milk Company Ltd from 2004 to 2026. This chart shows how The a2 Milk Company Ltd's Tangible Net Worth Ratio has changed across 18 annual periods from 2004 to 2026. As of June 2026, the ratio stands at 98.3%, reflecting net assets of AU$1.07 Billion with intangible assets of AU$18.58 Million AUD. See The a2 Milk Company Ltd short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
The a2 Milk Company Ltd Tangible Net Worth Ratio by Year (2004–2026)
The a2 Milk Company Ltd tangible net worth ratio by year from 2004 to 2026. The table below presents the year-by-year Tangible Net Worth Ratio for The a2 Milk Company Ltd from 2004 to 2026, covering 18 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 live market cap and overall valuation, see The a2 Milk Company Ltd market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (AUD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 98.3% | AU$1.07 Billion | AU$18.58 Million | AU$1.96 Billion | ▼ -1.1 pp |
| 2025 | 99.4% | AU$1.43 Billion | AU$8.64 Million | AU$1.94 Billion | ▲ +0.1 pp |
| 2024 | 99.3% | AU$1.26 Billion | AU$8.71 Million | AU$1.73 Billion | ▼ -0.2 pp |
| 2023 | 99.5% | AU$1.15 Billion | AU$6.07 Million | AU$1.61 Billion | ▲ +0.0 pp |
| 2022 | 99.4% | AU$1.19 Billion | AU$6.85 Million | AU$1.72 Billion | ▲ +0.1 pp |
| 2021 | 99.4% | AU$1.08 Billion | AU$6.96 Million | AU$1.37 Billion | ▼ -0.2 pp |
| 2020 | 99.6% | AU$1.13 Billion | AU$4.56 Million | AU$1.45 Billion | ▲ +0.2 pp |
| 2019 | 99.4% | AU$787.85 Million | AU$4.36 Million | AU$1.01 Billion | ▲ +0.2 pp |
| 2018 | 99.3% | AU$555.71 Million | AU$4.08 Million | AU$716.22 Million | ▲ +0.2 pp |
| 2017 | 99.1% | AU$241.58 Million | AU$2.19 Million | AU$343.93 Million | ▲ +0.9 pp |
| 2016 | 98.2% | AU$133.08 Million | AU$2.44 Million | AU$210.15 Million | ▲ +1.1 pp |
| 2015 | 97.1% | AU$58.63 Million | AU$1.71 Million | AU$88.87 Million | ▲ +4.2 pp |
| 2014 | 92.8% | AU$58.64 Million | AU$4.19 Million | AU$76.64 Million | ▼ -2.1 pp |
| 2013 | 94.9% | AU$59.93 Million | AU$3.04 Million | AU$72.40 Million | ▼ -2.3 pp |
| 2012 | 97.2% | AU$37.35 Million | AU$1.04 Million | AU$49.67 Million | ▼ -1.9 pp |
| 2011 | 99.1% | AU$25.18 Million | AU$223.00K | AU$32.73 Million | ▼ -0.9 pp |
| 2010 | 100.0% | AU$7.27 Million | AU$0.00 | AU$8.27 Million | ▲ +123.2 pp |
| 2004 | -23.2% | AU$5.43 Million | AU$6.69 Million | AU$6.86 Million | — |