Bega Cheese Ltd (BGA) — Tangible Net Worth Ratio
Bega Cheese Ltd (BGA) has a Tangible Net Worth Ratio of 77.4% as of June 2026. This metric is calculated by deducting intangible assets (AU$224.90 Million) from net assets (AU$996.80 Million) 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. Also explore net asset momentum of Bega Cheese Ltd to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Bega Cheese Ltd Tangible Net Worth Ratio (2008–2026)
This chart shows how Bega Cheese Ltd's Tangible Net Worth Ratio has changed across 19 annual periods from 2008 to 2026. As of June 2026, the ratio stands at 77.4%, reflecting net assets of AU$996.80 Million with intangible assets of AU$224.90 Million AUD. For live market cap and overall valuation, see BGA stock market capitalisation.
Annual Tangible Net Worth Ratio for Bega Cheese Ltd (2008–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Bega Cheese Ltd from 2008 to 2026, covering 19 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. Explore capital reinvestment ratio of Bega Cheese Ltd to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (AUD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 77.4% | AU$996.80 Million | AU$224.90 Million | AU$2.22 Billion | ▲ +1.2 pp |
| 2025 | 76.2% | AU$980.20 Million | AU$232.80 Million | AU$2.04 Billion | ▼ -0.4 pp |
| 2024 | 76.6% | AU$1.01 Billion | AU$237.00 Million | AU$2.14 Billion | ▲ +22.9 pp |
| 2023 | 53.7% | AU$1.00 Billion | AU$464.50 Million | AU$2.15 Billion | ▲ +0.3 pp |
| 2022 | 53.4% | AU$1.26 Billion | AU$588.10 Million | AU$2.36 Billion | ▼ 0.0 pp |
| 2021 | 53.5% | AU$1.27 Billion | AU$589.50 Million | AU$2.51 Billion | ▲ +20.8 pp |
| 2020 | 32.7% | AU$814.04 Million | AU$548.14 Million | AU$1.42 Billion | ▼ -42.8 pp |
| 2019 | 75.5% | AU$815.01 Million | AU$199.61 Million | AU$1.50 Billion | ▲ +4.3 pp |
| 2018 | 71.2% | AU$631.99 Million | AU$182.02 Million | AU$1.22 Billion | ▼ -24.8 pp |
| 2017 | 96.0% | AU$572.67 Million | AU$22.65 Million | AU$1.06 Billion | ▼ -1.5 pp |
| 2016 | 97.6% | AU$327.84 Million | AU$7.90 Million | AU$586.67 Million | ▼ -1.8 pp |
| 2015 | 99.4% | AU$312.67 Million | AU$1.80 Million | AU$552.42 Million | ▼ -0.1 pp |
| 2014 | 99.5% | AU$314.39 Million | AU$1.48 Million | AU$548.64 Million | ▲ +0.1 pp |
| 2013 | 99.4% | AU$261.95 Million | AU$1.58 Million | AU$549.22 Million | ▲ +0.0 pp |
| 2012 | 99.4% | AU$246.44 Million | AU$1.58 Million | AU$515.96 Million | ▲ +0.2 pp |
| 2011 | 99.1% | AU$205.47 Million | AU$1.79 Million | AU$462.08 Million | ▲ +0.4 pp |
| 2010 | 98.8% | AU$177.62 Million | AU$2.17 Million | AU$444.50 Million | ▲ +0.1 pp |
| 2009 | 98.7% | AU$166.95 Million | AU$2.17 Million | AU$438.39 Million | ▼ -1.1 pp |
| 2008 | 99.8% | AU$171.08 Million | AU$405.00K | AU$342.37 Million | — |