Cullen Resources Ltd (CUL) — Tangible Net Worth Ratio
Cullen Resources Ltd (CUL) has a Tangible Net Worth Ratio of 14.9% as of December 2025. This metric is calculated by deducting intangible assets (AU$4.75 Million) from net assets (AU$5.58 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. See CUL total equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Cullen Resources Ltd Tangible Net Worth Ratio (1989–2025)
This chart shows how Cullen Resources Ltd's Tangible Net Worth Ratio has changed across 37 annual periods from 1989 to 2025. As of December 2025, the ratio stands at 14.9%, reflecting net assets of AU$5.58 Million with intangible assets of AU$4.75 Million AUD. Also explore Cullen Resources Ltd (CUL) equity growth momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Cullen Resources Ltd (1989–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Cullen Resources Ltd from 1989 to 2025, covering 37 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 CUL stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (AUD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -4.6% | AU$4.54 Million | AU$4.75 Million | AU$4.82 Million | ▼ -3.6 pp |
| 2024 | -1.0% | AU$4.70 Million | AU$4.75 Million | AU$4.87 Million | ▼ -10.2 pp |
| 2023 | 9.2% | AU$5.23 Million | AU$4.75 Million | AU$5.40 Million | ▼ -0.1 pp |
| 2022 | 9.4% | AU$5.24 Million | AU$4.75 Million | AU$5.38 Million | ▼ -12.3 pp |
| 2021 | 21.6% | AU$6.06 Million | AU$4.75 Million | AU$6.22 Million | ▲ +18.1 pp |
| 2020 | 3.5% | AU$4.92 Million | AU$4.75 Million | AU$5.08 Million | ▼ -2.0 pp |
| 2019 | 5.4% | AU$5.02 Million | AU$4.75 Million | AU$5.17 Million | ▼ -1.4 pp |
| 2018 | 6.9% | AU$5.10 Million | AU$4.75 Million | AU$5.21 Million | ▼ -5.3 pp |
| 2017 | 12.2% | AU$5.41 Million | AU$4.75 Million | AU$5.56 Million | ▼ -87.8 pp |
| 2016 | 100.0% | AU$6.14 Million | AU$0.00 | AU$6.40 Million | ▲ +0.0 pp |
| 2015 | 100.0% | AU$5.89 Million | AU$0.00 | AU$6.30 Million | ▲ +0.0 pp |
| 2014 | 100.0% | AU$5.39 Million | AU$0.00 | AU$5.66 Million | ▲ +0.0 pp |
| 2013 | 100.0% | AU$5.93 Million | AU$0.00 | AU$6.17 Million | ▲ +0.0 pp |
| 2012 | 100.0% | AU$5.41 Million | AU$0.00 | AU$6.39 Million | ▲ +0.0 pp |
| 2011 | 100.0% | AU$6.05 Million | AU$0.00 | AU$6.40 Million | ▲ +0.0 pp |
| 2010 | 100.0% | AU$4.27 Million | AU$0.00 | AU$4.81 Million | ▲ +0.0 pp |
| 2009 | 100.0% | AU$6.13 Million | AU$0.00 | AU$6.78 Million | ▲ +0.0 pp |
| 2008 | 100.0% | AU$12.34 Million | AU$0.00 | AU$12.85 Million | ▲ +0.0 pp |
| 2007 | 100.0% | AU$6.71 Million | AU$0.00 | AU$6.96 Million | ▲ +0.0 pp |
| 2006 | 100.0% | AU$5.64 Million | AU$0.00 | AU$5.89 Million | ▲ +0.0 pp |
| 2005 | 100.0% | AU$6.50 Million | AU$0.00 | AU$6.66 Million | ▲ +0.0 pp |
| 2004 | 100.0% | AU$5.56 Million | AU$0.00 | AU$5.68 Million | ▲ +0.0 pp |
| 2003 | 100.0% | AU$5.44 Million | AU$0.00 | AU$5.52 Million | ▲ +0.0 pp |
| 2002 | 100.0% | AU$5.26 Million | AU$0.00 | AU$5.35 Million | ▲ +0.0 pp |
| 2001 | 100.0% | AU$4.19 Million | AU$0.00 | AU$4.30 Million | ▲ +0.0 pp |
| 2000 | 100.0% | AU$3.51 Million | AU$0.00 | AU$3.60 Million | ▲ +0.0 pp |
| 1999 | 100.0% | AU$5.19 Million | AU$0.00 | AU$5.40 Million | ▲ +0.0 pp |
| 1998 | 100.0% | AU$450.10K | AU$0.00 | AU$490.53K | ▲ +0.0 pp |
| 1997 | 100.0% | AU$1.42 Million | AU$0.00 | AU$1.43 Million | ▲ +0.0 pp |
| 1996 | 100.0% | AU$1.80 Million | AU$0.00 | AU$6.42 Million | ▲ +0.0 pp |
| 1995 | 100.0% | AU$1.79 Million | AU$0.00 | AU$5.78 Million | ▲ +0.0 pp |
| 1994 | 100.0% | AU$3.56 Million | AU$0.00 | AU$4.75 Million | ▲ +0.0 pp |
| 1993 | 100.0% | AU$3.86 Million | AU$0.00 | AU$5.68 Million | ▲ +0.0 pp |
| 1992 | 100.0% | AU$3.97 Million | AU$0.00 | AU$4.26 Million | ▲ +0.0 pp |
| 1991 | 100.0% | AU$7.93 Million | AU$0.00 | AU$8.40 Million | ▲ +0.0 pp |
| 1990 | 100.0% | AU$6.94 Million | AU$0.00 | AU$12.79 Million | ▲ +0.0 pp |
| 1989 | 100.0% | AU$6.22 Million | AU$0.00 | AU$10.66 Million | — |