Codan Ltd (CDA) — Tangible Net Worth Ratio
Codan Ltd (CDA) has a Tangible Net Worth Ratio of 9.7% as of December 2025. This metric is calculated by deducting intangible assets (AU$503.96 Million) from net assets (AU$557.89 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 CDA net assets growth trend to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Codan Ltd Tangible Net Worth Ratio (2000–2025)
This chart shows how Codan Ltd's Tangible Net Worth Ratio has changed across 26 annual periods from 2000 to 2025. As of December 2025, the ratio stands at 9.7%, reflecting net assets of AU$557.89 Million with intangible assets of AU$503.96 Million AUD. For live market cap and overall valuation, see market value of Codan Ltd.
Annual Tangible Net Worth Ratio for Codan Ltd (2000–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Codan Ltd from 2000 to 2025, covering 26 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 Codan Ltd (CDA) capital reinvestment 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) |
|---|---|---|---|---|---|
| 2025 | 96.6% | AU$523.83 Million | AU$17.67 Million | AU$904.80 Million | ▼ -0.5 pp |
| 2024 | 97.2% | AU$446.93 Million | AU$12.74 Million | AU$768.71 Million | ▲ +91.2 pp |
| 2023 | 6.0% | AU$406.33 Million | AU$382.15 Million | AU$693.30 Million | ▼ -0.9 pp |
| 2022 | 6.9% | AU$367.96 Million | AU$342.64 Million | AU$590.93 Million | ▲ +7.6 pp |
| 2021 | -0.7% | AU$303.61 Million | AU$305.80 Million | AU$502.85 Million | ▼ -38.2 pp |
| 2020 | 37.5% | AU$247.34 Million | AU$154.52 Million | AU$351.57 Million | ▼ -60.8 pp |
| 2019 | 98.3% | AU$211.21 Million | AU$3.55 Million | AU$274.32 Million | ▲ +0.2 pp |
| 2018 | 98.1% | AU$188.06 Million | AU$3.61 Million | AU$254.30 Million | ▲ +0.3 pp |
| 2017 | 97.8% | AU$165.00 Million | AU$3.68 Million | AU$232.68 Million | ▲ +0.9 pp |
| 2016 | 96.9% | AU$138.92 Million | AU$4.37 Million | AU$212.47 Million | ▲ +1.3 pp |
| 2015 | 95.5% | AU$128.35 Million | AU$5.73 Million | AU$208.67 Million | ▲ +0.2 pp |
| 2014 | 95.3% | AU$120.29 Million | AU$5.60 Million | AU$212.43 Million | ▼ -0.3 pp |
| 2013 | 95.7% | AU$124.73 Million | AU$5.39 Million | AU$211.54 Million | ▲ +0.9 pp |
| 2012 | 94.8% | AU$79.41 Million | AU$4.14 Million | AU$170.28 Million | ▲ +0.2 pp |
| 2011 | 94.5% | AU$71.88 Million | AU$3.92 Million | AU$147.43 Million | ▼ -0.2 pp |
| 2010 | 94.7% | AU$65.05 Million | AU$3.44 Million | AU$163.24 Million | ▲ +0.4 pp |
| 2009 | 94.3% | AU$63.97 Million | AU$3.66 Million | AU$162.56 Million | ▲ +0.4 pp |
| 2008 | 93.9% | AU$62.04 Million | AU$3.78 Million | AU$156.81 Million | ▼ -0.2 pp |
| 2007 | 94.1% | AU$70.52 Million | AU$4.13 Million | AU$94.91 Million | ▲ +1.3 pp |
| 2006 | 92.8% | AU$69.23 Million | AU$4.97 Million | AU$104.58 Million | ▲ +20.8 pp |
| 2005 | 72.0% | AU$68.58 Million | AU$19.23 Million | AU$105.73 Million | ▲ +3.7 pp |
| 2004 | 68.3% | AU$61.29 Million | AU$19.46 Million | AU$95.11 Million | ▲ +13.7 pp |
| 2003 | 54.6% | AU$47.00 Million | AU$21.34 Million | AU$90.10 Million | ▲ +23.7 pp |
| 2002 | 30.9% | AU$25.17 Million | AU$17.39 Million | AU$80.99 Million | ▲ +17.4 pp |
| 2001 | 13.5% | AU$21.36 Million | AU$18.48 Million | AU$85.96 Million | ▲ +15.5 pp |
| 2000 | -2.1% | AU$19.31 Million | AU$19.71 Million | AU$76.33 Million | — |