Cochlear Ltd (COH) — Tangible Net Worth Ratio
Cochlear Ltd (COH) has a Tangible Net Worth Ratio of 88.6% as of June 2025. This metric is calculated by deducting intangible assets (AU$222.20 Million) from net assets (AU$1.95 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. Also explore COH year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Cochlear Ltd Tangible Net Worth Ratio (1996–2025)
This chart shows how Cochlear Ltd's Tangible Net Worth Ratio has changed across 30 annual periods from 1996 to 2025. As of June 2025, the ratio stands at 88.6%, reflecting net assets of AU$1.95 Billion with intangible assets of AU$222.20 Million AUD. For live market cap and overall valuation, see Cochlear Ltd (COH) total market value.
Annual Tangible Net Worth Ratio for Cochlear Ltd (1996–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Cochlear Ltd from 1996 to 2025, covering 30 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 COH capex to operating cash flow ratio 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 | 88.6% | AU$1.95 Billion | AU$222.20 Million | AU$2.83 Billion | ▼ -0.9 pp |
| 2024 | 89.5% | AU$1.84 Billion | AU$193.30 Million | AU$2.75 Billion | ▲ +14.9 pp |
| 2023 | 74.6% | AU$1.75 Billion | AU$444.10 Million | AU$2.57 Billion | ▼ -2.1 pp |
| 2022 | 76.7% | AU$1.69 Billion | AU$392.50 Million | AU$2.47 Billion | ▼ -0.5 pp |
| 2021 | 77.2% | AU$1.69 Billion | AU$385.50 Million | AU$2.43 Billion | ▲ +6.5 pp |
| 2020 | 70.7% | AU$1.40 Billion | AU$410.30 Million | AU$2.58 Billion | ▼ -14.8 pp |
| 2019 | 85.5% | AU$725.90 Million | AU$105.20 Million | AU$1.38 Billion | ▼ -6.8 pp |
| 2018 | 92.3% | AU$610.80 Million | AU$47.00 Million | AU$1.16 Billion | ▲ +5.7 pp |
| 2017 | 86.6% | AU$543.60 Million | AU$72.90 Million | AU$1.14 Billion | ▼ -1.6 pp |
| 2016 | 88.2% | AU$448.56 Million | AU$52.98 Million | AU$957.36 Million | ▲ +4.5 pp |
| 2015 | 83.7% | AU$355.39 Million | AU$58.03 Million | AU$875.40 Million | ▲ +3.1 pp |
| 2014 | 80.6% | AU$329.20 Million | AU$63.86 Million | AU$789.04 Million | ▼ -1.2 pp |
| 2013 | 81.8% | AU$356.91 Million | AU$64.81 Million | AU$764.50 Million | ▼ -3.7 pp |
| 2012 | 85.5% | AU$384.88 Million | AU$55.65 Million | AU$702.54 Million | ▼ -4.6 pp |
| 2011 | 90.2% | AU$503.28 Million | AU$49.41 Million | AU$741.05 Million | ▲ +2.0 pp |
| 2010 | 88.1% | AU$438.31 Million | AU$51.96 Million | AU$751.72 Million | ▼ -2.3 pp |
| 2009 | 90.5% | AU$364.23 Million | AU$34.66 Million | AU$679.37 Million | ▼ -2.9 pp |
| 2008 | 93.4% | AU$319.34 Million | AU$21.02 Million | AU$607.92 Million | ▲ +68.1 pp |
| 2007 | 25.3% | AU$260.81 Million | AU$194.85 Million | AU$585.74 Million | ▼ -65.2 pp |
| 2006 | 90.5% | AU$209.78 Million | AU$19.89 Million | AU$545.92 Million | ▼ -0.4 pp |
| 2005 | 90.9% | AU$165.87 Million | AU$15.03 Million | AU$505.75 Million | ▼ -4.1 pp |
| 2004 | 95.1% | AU$145.53 Million | AU$7.19 Million | AU$264.54 Million | ▼ -4.9 pp |
| 2003 | 100.0% | AU$119.69 Million | AU$0.00 | AU$230.58 Million | ▲ +0.0 pp |
| 2002 | 100.0% | AU$75.42 Million | AU$0.00 | AU$160.43 Million | ▲ +0.0 pp |
| 2001 | 100.0% | AU$55.49 Million | AU$0.00 | AU$129.05 Million | ▲ +0.0 pp |
| 2000 | 100.0% | AU$42.83 Million | AU$0.00 | AU$93.77 Million | ▲ +0.0 pp |
| 1999 | 100.0% | AU$34.05 Million | AU$0.00 | AU$82.94 Million | ▲ +0.0 pp |
| 1998 | 100.0% | AU$32.09 Million | AU$0.00 | AU$69.11 Million | ▲ +0.0 pp |
| 1997 | 100.0% | AU$23.31 Million | AU$0.00 | AU$51.29 Million | ▲ +0.0 pp |
| 1996 | 100.0% | AU$18.46 Million | AU$0.00 | AU$48.24 Million | — |