SOUTH32 Ltd (S32) — Tangible Net Worth Ratio
SOUTH32 Ltd (S32) has a Tangible Net Worth Ratio of 97.8% as of December 2025. This metric is calculated by deducting intangible assets (AU$202.14 Million) from net assets (AU$9.26 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 SOUTH32 Ltd shareholders equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
SOUTH32 Ltd Tangible Net Worth Ratio (2012–2025)
This chart shows how SOUTH32 Ltd's Tangible Net Worth Ratio has changed across 14 annual periods from 2012 to 2025. As of December 2025, the ratio stands at 97.8%, reflecting net assets of AU$9.26 Billion with intangible assets of AU$202.14 Million AUD. Also explore SOUTH32 Ltd (S32) equity growth momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for SOUTH32 Ltd (2012–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for SOUTH32 Ltd from 2012 to 2025, covering 14 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 SOUTH32 Ltd market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (AUD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.4% | AU$8.86 Billion | AU$57.00 Million | AU$13.73 Billion | ▲ +0.3 pp |
| 2024 | 99.1% | AU$8.97 Billion | AU$82.00 Million | AU$14.24 Billion | ▲ +0.2 pp |
| 2023 | 98.9% | AU$9.38 Billion | AU$103.00 Million | AU$14.56 Billion | ▼ -0.7 pp |
| 2022 | 99.6% | AU$10.78 Billion | AU$47.00 Million | AU$16.34 Billion | ▲ +0.1 pp |
| 2021 | 99.4% | AU$8.95 Billion | AU$50.00 Million | AU$13.24 Billion | ▲ +0.6 pp |
| 2020 | 98.9% | AU$9.56 Billion | AU$109.00 Million | AU$13.74 Billion | ▼ -0.2 pp |
| 2019 | 99.1% | AU$10.17 Billion | AU$94.00 Million | AU$14.71 Billion | ▼ -0.2 pp |
| 2018 | 99.2% | AU$10.71 Billion | AU$82.00 Million | AU$15.13 Billion | ▲ +0.3 pp |
| 2017 | 98.9% | AU$10.23 Billion | AU$113.00 Million | AU$14.73 Billion | ▲ +0.5 pp |
| 2016 | 98.4% | AU$9.42 Billion | AU$149.00 Million | AU$13.37 Billion | ▼ -0.1 pp |
| 2015 | 98.5% | AU$11.04 Billion | AU$161.00 Million | AU$15.49 Billion | ▼ -0.7 pp |
| 2014 | 99.3% | AU$9.82 Billion | AU$72.00 Million | AU$19.69 Billion | ▲ +0.0 pp |
| 2013 | 99.2% | AU$10.12 Billion | AU$76.00 Million | AU$19.54 Billion | ▼ -0.3 pp |
| 2012 | 99.6% | AU$13.81 Billion | AU$59.00 Million | AU$24.01 Billion | — |