Rubicon Water Ltd (RWL) — Tangible Net Worth Ratio
Rubicon Water Ltd (RWL) has a Tangible Net Worth Ratio of 88.7% as of December 2025. This metric is calculated by deducting intangible assets (AU$6.45 Million) from net assets (AU$57.10 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 Rubicon Water 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
Rubicon Water Ltd Tangible Net Worth Ratio (2016–2024)
This chart shows how Rubicon Water Ltd's Tangible Net Worth Ratio has changed across 9 annual periods from 2016 to 2024. As of December 2025, the ratio stands at 88.7%, reflecting net assets of AU$57.10 Million with intangible assets of AU$6.45 Million AUD. See Rubicon Water Ltd (RWL) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Rubicon Water Ltd (2016–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Rubicon Water Ltd from 2016 to 2024, covering 9 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 Rubicon Water Ltd.
| Year | Tangible NW Ratio | Net Assets (AUD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 90.5% | AU$63.96 Million | AU$6.07 Million | AU$103.94 Million | ▼ -0.2 pp |
| 2023 | 90.7% | AU$54.85 Million | AU$5.11 Million | AU$106.40 Million | ▼ -3.8 pp |
| 2022 | 94.5% | AU$65.80 Million | AU$3.62 Million | AU$111.58 Million | ▼ -2.7 pp |
| 2021 | 97.2% | AU$76.15 Million | AU$2.13 Million | AU$125.81 Million | ▲ +1.5 pp |
| 2020 | 95.7% | AU$49.15 Million | AU$2.13 Million | AU$106.95 Million | ▼ -3.4 pp |
| 2019 | 99.1% | AU$41.40 Million | AU$391.00K | AU$93.64 Million | ▼ -0.9 pp |
| 2018 | 100.0% | AU$40.44 Million | AU$0.00 | AU$68.53 Million | ▲ +0.0 pp |
| 2017 | 100.0% | AU$32.51 Million | AU$0.00 | AU$52.76 Million | ▲ +0.0 pp |
| 2016 | 100.0% | AU$26.70 Million | AU$0.00 | AU$44.09 Million | — |