Pepper Money Ltd (PPM) — Tangible Net Worth Ratio
Pepper Money Ltd (PPM) has a Tangible Net Worth Ratio of 86.0% as of December 2025. This metric is calculated by deducting intangible assets (AU$121.50 Million) from net assets (AU$869.90 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 PPM net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Pepper Money Ltd Tangible Net Worth Ratio (2014–2025)
This chart shows how Pepper Money Ltd's Tangible Net Worth Ratio has changed across 12 annual periods from 2014 to 2025. As of December 2025, the ratio stands at 86.0%, reflecting net assets of AU$869.90 Million with intangible assets of AU$121.50 Million AUD. See Pepper Money Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Pepper Money Ltd (2014–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Pepper Money Ltd from 2014 to 2025, covering 12 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 Pepper Money Ltd (PPM) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (AUD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 86.0% | AU$869.90 Million | AU$121.50 Million | AU$18.40 Billion | ▼ -10.4 pp |
| 2024 | 96.5% | AU$855.60 Million | AU$30.10 Million | AU$17.47 Billion | ▲ +1.4 pp |
| 2023 | 95.0% | AU$862.80 Million | AU$42.80 Million | AU$20.21 Billion | ▲ +0.9 pp |
| 2022 | 94.2% | AU$926.80 Million | AU$54.10 Million | AU$19.92 Billion | ▼ -1.6 pp |
| 2021 | 95.7% | AU$739.80 Million | AU$31.50 Million | AU$17.27 Billion | ▲ +3.5 pp |
| 2020 | 92.2% | AU$499.90 Million | AU$38.90 Million | AU$14.34 Billion | ▲ +266.3 pp |
| 2019 | -174.0% | AU$28.01 Million | AU$76.75 Million | AU$551.81 Million | ▼ -261.6 pp |
| 2018 | 87.5% | AU$543.46 Million | AU$67.73 Million | AU$17.22 Billion | ▼ -2.7 pp |
| 2017 | 90.2% | AU$501.91 Million | AU$49.04 Million | AU$10.88 Billion | ▼ -0.8 pp |
| 2016 | 91.1% | AU$454.21 Million | AU$40.54 Million | AU$8.31 Billion | ▲ +0.8 pp |
| 2015 | 90.3% | AU$408.62 Million | AU$39.67 Million | AU$6.55 Billion | ▲ +7.7 pp |
| 2014 | 82.6% | AU$247.51 Million | AU$42.99 Million | AU$4.87 Billion | — |