BHP Group Ltd (BHP) — Tangible Net Worth Ratio
BHP Group Ltd (BHP) has a Tangible Net Worth Ratio of 96.4% as of December 2025. This metric is calculated by deducting intangible assets (AU$2.01 Billion) from net assets (AU$55.50 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 BHP Group Ltd working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
BHP Group Ltd Tangible Net Worth Ratio (1987–2025)
This chart shows how BHP Group Ltd's Tangible Net Worth Ratio has changed across 39 annual periods from 1987 to 2025. As of December 2025, the ratio stands at 96.4%, reflecting net assets of AU$55.50 Billion with intangible assets of AU$2.01 Billion AUD. See BHP defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for BHP Group Ltd (1987–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for BHP Group Ltd from 1987 to 2025, covering 39 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 market value of BHP Group Ltd.
| Year | Tangible NW Ratio | Net Assets (AUD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 98.9% | AU$52.22 Billion | AU$583.00 Million | AU$108.79 Billion | ▼ -0.3 pp |
| 2024 | 99.2% | AU$49.12 Billion | AU$377.00 Million | AU$102.36 Billion | ▲ +2.6 pp |
| 2023 | 96.7% | AU$48.53 Billion | AU$1.61 Billion | AU$101.30 Billion | ▼ -0.5 pp |
| 2022 | 97.2% | AU$48.77 Billion | AU$1.37 Billion | AU$95.17 Billion | ▼ -0.2 pp |
| 2021 | 97.4% | AU$55.60 Billion | AU$1.44 Billion | AU$108.93 Billion | ▲ +0.4 pp |
| 2020 | 97.0% | AU$52.17 Billion | AU$1.57 Billion | AU$105.73 Billion | ▼ -1.7 pp |
| 2019 | 98.7% | AU$51.82 Billion | AU$675.00 Million | AU$100.86 Billion | ▼ -0.4 pp |
| 2018 | 99.1% | AU$60.67 Billion | AU$531.00 Million | AU$111.99 Billion | ▲ +0.2 pp |
| 2017 | 98.9% | AU$62.73 Billion | AU$699.00 Million | AU$117.01 Billion | ▲ +0.3 pp |
| 2016 | 98.6% | AU$60.07 Billion | AU$846.00 Million | AU$118.95 Billion | ▲ +0.0 pp |
| 2015 | 98.6% | AU$70.55 Billion | AU$1.02 Billion | AU$124.58 Billion | ▲ +0.2 pp |
| 2014 | 98.4% | AU$85.38 Billion | AU$1.41 Billion | AU$151.41 Billion | ▲ +0.2 pp |
| 2013 | 98.1% | AU$74.22 Billion | AU$1.39 Billion | AU$138.11 Billion | ▼ -0.4 pp |
| 2012 | 98.5% | AU$67.08 Billion | AU$1.01 Billion | AU$129.27 Billion | ▼ -0.6 pp |
| 2011 | 99.1% | AU$57.76 Billion | AU$534.00 Million | AU$102.89 Billion | ▼ -0.3 pp |
| 2010 | 99.4% | AU$49.33 Billion | AU$317.00 Million | AU$88.85 Billion | ▲ +0.0 pp |
| 2009 | 99.4% | AU$40.71 Billion | AU$263.00 Million | AU$78.77 Billion | ▼ -0.2 pp |
| 2008 | 99.5% | AU$39.04 Billion | AU$183.00 Million | AU$75.89 Billion | ▲ +1.6 pp |
| 2007 | 97.9% | AU$29.92 Billion | AU$615.00 Million | AU$58.17 Billion | ▲ +0.7 pp |
| 2006 | 97.2% | AU$24.45 Billion | AU$683.00 Million | AU$48.52 Billion | ▼ -2.6 pp |
| 2005 | 99.8% | AU$22.00 Billion | AU$49.00 Million | AU$47.65 Billion | ▲ +0.1 pp |
| 2004 | 99.7% | AU$19.16 Billion | AU$54.00 Million | AU$36.67 Billion | ▲ +0.0 pp |
| 2003 | 99.7% | AU$17.16 Billion | AU$56.00 Million | AU$35.00 Billion | ▲ +3.7 pp |
| 2002 | 96.0% | AU$12.68 Billion | AU$513.00 Million | AU$29.55 Billion | ▼ -4.0 pp |
| 2001 | 100.0% | AU$5.74 Billion | AU$1.00 Million | AU$14.89 Billion | ▲ +1.2 pp |
| 2000 | 98.8% | AU$6.57 Billion | AU$78.00 Million | AU$17.52 Billion | ▲ +0.7 pp |
| 1999 | 98.1% | AU$6.11 Billion | AU$114.00 Million | AU$20.45 Billion | ▲ +1.3 pp |
| 1998 | 96.9% | AU$7.77 Billion | AU$244.00 Million | AU$23.09 Billion | ▼ -0.7 pp |
| 1997 | 97.6% | AU$12.37 Billion | AU$298.00 Million | AU$27.81 Billion | ▲ +0.1 pp |
| 1996 | 97.5% | AU$12.57 Billion | AU$314.60 Million | AU$28.00 Billion | ▼ -0.4 pp |
| 1995 | 97.9% | AU$10.63 Billion | AU$225.40 Million | AU$21.74 Billion | ▲ +0.4 pp |
| 1994 | 97.5% | AU$9.53 Billion | AU$237.40 Million | AU$20.44 Billion | ▲ +0.7 pp |
| 1993 | 96.9% | AU$7.72 Billion | AU$242.80 Million | AU$18.01 Billion | ▲ +0.8 pp |
| 1992 | 96.1% | AU$6.36 Billion | AU$251.00 Million | AU$17.85 Billion | ▲ +0.0 pp |
| 1991 | 96.0% | AU$5.28 Billion | AU$210.00 Million | AU$17.28 Billion | ▼ -1.3 pp |
| 1990 | 97.3% | AU$5.85 Billion | AU$159.60 Million | AU$16.60 Billion | ▲ +0.4 pp |
| 1989 | 96.9% | AU$5.38 Billion | AU$168.30 Million | AU$15.04 Billion | ▼ -0.3 pp |
| 1988 | 97.1% | AU$4.72 Billion | AU$134.50 Million | AU$15.39 Billion | ▼ -0.7 pp |
| 1987 | 97.8% | AU$5.54 Billion | AU$120.40 Million | AU$12.48 Billion | — |