Qantas Airways Ltd (QAN) — Tangible Net Worth Ratio
Qantas Airways Ltd (QAN) has a Tangible Net Worth Ratio of 57.0% as of December 2025. This metric is calculated by deducting intangible assets (AU$580.00 Million) from net assets (AU$1.35 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 Qantas Airways 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
Qantas Airways Ltd Tangible Net Worth Ratio (1994–2025)
This chart shows how Qantas Airways Ltd's Tangible Net Worth Ratio has changed across 31 annual periods from 1994 to 2025. As of December 2025, the ratio stands at 57.0%, reflecting net assets of AU$1.35 Billion with intangible assets of AU$580.00 Million AUD. See defensive interval ratio of Qantas Airways Ltd to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Qantas Airways Ltd (1994–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Qantas Airways Ltd from 1994 to 2025, covering 31 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 cap of Qantas Airways Ltd.
| Year | Tangible NW Ratio | Net Assets (AUD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 23.6% | AU$783.00 Million | AU$598.00 Million | AU$23.36 Billion | ▲ +48.8 pp |
| 2024 | -25.2% | AU$294.00 Million | AU$368.00 Million | AU$20.56 Billion | ▲ +6744.8 pp |
| 2023 | -6770.0% | AU$10.00 Million | AU$687.00 Million | AU$20.35 Billion | ▼ -6701.8 pp |
| 2021 | -68.2% | AU$443.00 Million | AU$745.00 Million | AU$17.81 Billion | ▼ -99.4 pp |
| 2020 | 31.2% | AU$1.53 Billion | AU$1.05 Billion | AU$20.03 Billion | ▼ -35.1 pp |
| 2019 | 66.3% | AU$3.01 Billion | AU$1.02 Billion | AU$20.54 Billion | ▼ -10.8 pp |
| 2018 | 77.1% | AU$3.96 Billion | AU$906.00 Million | AU$18.65 Billion | ▲ +0.2 pp |
| 2017 | 76.9% | AU$3.54 Billion | AU$818.00 Million | AU$17.22 Billion | ▼ -1.6 pp |
| 2016 | 78.5% | AU$3.26 Billion | AU$701.00 Million | AU$16.70 Billion | ▼ -4.2 pp |
| 2015 | 82.7% | AU$3.45 Billion | AU$597.00 Million | AU$17.53 Billion | ▲ +1.7 pp |
| 2014 | 80.9% | AU$2.87 Billion | AU$546.00 Million | AU$17.32 Billion | ▼ -10.2 pp |
| 2013 | 91.1% | AU$5.84 Billion | AU$517.00 Million | AU$20.03 Billion | ▼ -1.0 pp |
| 2012 | 92.1% | AU$5.89 Billion | AU$464.00 Million | AU$21.18 Billion | ▼ -0.9 pp |
| 2011 | 93.0% | AU$6.15 Billion | AU$429.00 Million | AU$20.86 Billion | ▲ +0.5 pp |
| 2010 | 92.5% | AU$5.98 Billion | AU$449.00 Million | AU$19.91 Billion | ▼ -0.1 pp |
| 2009 | 92.6% | AU$5.76 Billion | AU$427.00 Million | AU$20.05 Billion | ▼ -2.1 pp |
| 2008 | 94.7% | AU$5.73 Billion | AU$301.90 Million | AU$19.70 Billion | ▼ -1.5 pp |
| 2007 | 96.2% | AU$6.20 Billion | AU$233.10 Million | AU$19.61 Billion | ▼ -0.5 pp |
| 2006 | 96.7% | AU$6.08 Billion | AU$199.70 Million | AU$19.18 Billion | ▼ -2.6 pp |
| 2005 | 99.3% | AU$6.43 Billion | AU$45.30 Million | AU$18.13 Billion | ▲ +0.1 pp |
| 2004 | 99.2% | AU$5.84 Billion | AU$47.20 Million | AU$17.57 Billion | ▲ +1.5 pp |
| 2003 | 97.7% | AU$5.26 Billion | AU$119.60 Million | AU$16.97 Billion | ▲ +1.5 pp |
| 2002 | 96.2% | AU$4.25 Billion | AU$161.00 Million | AU$14.80 Billion | ▼ -3.1 pp |
| 2001 | 99.4% | AU$3.32 Billion | AU$21.50 Million | AU$12.51 Billion | ▲ +0.2 pp |
| 2000 | 99.1% | AU$2.86 Billion | AU$25.00 Million | AU$12.01 Billion | ▼ 0.0 pp |
| 1999 | 99.1% | AU$3.06 Billion | AU$26.70 Million | AU$11.23 Billion | ▲ +0.1 pp |
| 1998 | 99.0% | AU$2.96 Billion | AU$28.60 Million | AU$10.36 Billion | ▲ +0.2 pp |
| 1997 | 98.9% | AU$2.67 Billion | AU$30.30 Million | AU$9.91 Billion | ▼ -1.1 pp |
| 1996 | 99.9% | AU$2.44 Billion | AU$1.30 Million | AU$9.22 Billion | ▲ +0.1 pp |
| 1995 | 99.9% | AU$2.28 Billion | AU$2.50 Million | AU$8.93 Billion | ▲ +0.1 pp |
| 1994 | 99.8% | AU$2.17 Billion | AU$3.70 Million | AU$8.21 Billion | — |