Wesfarmers Ltd (WES) — Tangible Net Worth Ratio
Wesfarmers Ltd (WES) has a Tangible Net Worth Ratio of 37.1% as of December 2025. This metric is calculated by deducting intangible assets (AU$4.94 Billion) from net assets (AU$7.86 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 Wesfarmers Ltd book value and equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Wesfarmers Ltd Tangible Net Worth Ratio (1989–2025)
This chart shows how Wesfarmers Ltd's Tangible Net Worth Ratio has changed across 37 annual periods from 1989 to 2025. As of December 2025, the ratio stands at 37.1%, reflecting net assets of AU$7.86 Billion with intangible assets of AU$4.94 Billion AUD. Also explore Wesfarmers Ltd net asset momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Wesfarmers Ltd (1989–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Wesfarmers 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 how much is Wesfarmers Ltd worth.
| Year | Tangible NW Ratio | Net Assets (AUD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 84.0% | AU$9.19 Billion | AU$1.47 Billion | AU$27.98 Billion | ▲ +1.1 pp |
| 2024 | 83.0% | AU$8.59 Billion | AU$1.46 Billion | AU$27.31 Billion | ▲ +39.6 pp |
| 2023 | 43.3% | AU$8.28 Billion | AU$4.69 Billion | AU$27.14 Billion | ▲ +2.0 pp |
| 2022 | 41.3% | AU$7.98 Billion | AU$4.68 Billion | AU$28.05 Billion | ▼ -18.5 pp |
| 2021 | 59.8% | AU$9.71 Billion | AU$3.90 Billion | AU$26.88 Billion | ▲ +0.7 pp |
| 2020 | 59.2% | AU$9.34 Billion | AU$3.81 Billion | AU$26.02 Billion | ▼ -30.9 pp |
| 2019 | 90.1% | AU$9.97 Billion | AU$986.00 Million | AU$18.33 Billion | ▲ +9.3 pp |
| 2018 | 80.8% | AU$22.75 Billion | AU$4.37 Billion | AU$36.93 Billion | ▼ -0.1 pp |
| 2017 | 80.9% | AU$23.94 Billion | AU$4.58 Billion | AU$40.12 Billion | ▲ +1.0 pp |
| 2016 | 79.8% | AU$22.95 Billion | AU$4.62 Billion | AU$40.78 Billion | ▼ -1.6 pp |
| 2015 | 81.4% | AU$24.78 Billion | AU$4.60 Billion | AU$40.40 Billion | ▼ -1.5 pp |
| 2014 | 82.9% | AU$25.99 Billion | AU$4.45 Billion | AU$39.73 Billion | ▲ +0.0 pp |
| 2013 | 82.9% | AU$26.02 Billion | AU$4.46 Billion | AU$43.16 Billion | ▲ +0.0 pp |
| 2012 | 82.9% | AU$25.63 Billion | AU$4.39 Billion | AU$42.31 Billion | ▲ +0.0 pp |
| 2011 | 82.8% | AU$25.33 Billion | AU$4.35 Billion | AU$40.81 Billion | ▲ +0.3 pp |
| 2010 | 82.5% | AU$24.69 Billion | AU$4.33 Billion | AU$39.24 Billion | ▲ +0.5 pp |
| 2009 | 82.0% | AU$24.25 Billion | AU$4.37 Billion | AU$39.30 Billion | ▲ +4.5 pp |
| 2008 | 77.5% | AU$19.59 Billion | AU$4.41 Billion | AU$37.31 Billion | ▼ -18.8 pp |
| 2007 | 96.3% | AU$3.50 Billion | AU$130.23 Million | AU$12.08 Billion | ▲ +42.7 pp |
| 2006 | 53.6% | AU$3.17 Billion | AU$1.47 Billion | AU$7.52 Billion | ▼ -45.1 pp |
| 2005 | 98.6% | AU$3.08 Billion | AU$41.60 Million | AU$7.31 Billion | ▼ -0.1 pp |
| 2004 | 98.8% | AU$3.33 Billion | AU$41.60 Million | AU$7.27 Billion | ▼ -0.1 pp |
| 2003 | 98.9% | AU$3.77 Billion | AU$41.60 Million | AU$6.42 Billion | ▲ +0.1 pp |
| 2002 | 98.8% | AU$3.41 Billion | AU$41.60 Million | AU$6.61 Billion | ▲ +1.4 pp |
| 2001 | 97.4% | AU$1.62 Billion | AU$41.60 Million | AU$4.00 Billion | ▲ +0.8 pp |
| 2000 | 96.6% | AU$1.23 Billion | AU$41.60 Million | AU$3.17 Billion | ▲ +0.1 pp |
| 1999 | 96.6% | AU$1.21 Billion | AU$41.60 Million | AU$2.58 Billion | ▲ +0.1 pp |
| 1998 | 96.4% | AU$1.17 Billion | AU$41.60 Million | AU$2.37 Billion | ▲ +0.6 pp |
| 1997 | 95.9% | AU$1.01 Billion | AU$41.60 Million | AU$2.06 Billion | ▲ +0.5 pp |
| 1996 | 95.3% | AU$893.88 Million | AU$41.60 Million | AU$2.00 Billion | ▼ -4.7 pp |
| 1995 | 100.0% | AU$835.14 Million | AU$0.00 | AU$1.93 Billion | ▲ +0.0 pp |
| 1994 | 100.0% | AU$742.88 Million | AU$0.00 | AU$1.69 Billion | ▲ +0.0 pp |
| 1993 | 100.0% | AU$615.20 Million | AU$0.00 | AU$1.36 Billion | ▲ +0.0 pp |
| 1992 | 100.0% | AU$557.68 Million | AU$0.00 | AU$1.26 Billion | ▲ +0.0 pp |
| 1991 | 100.0% | AU$409.42 Million | AU$0.00 | AU$981.81 Million | ▲ +0.5 pp |
| 1990 | 99.5% | AU$404.76 Million | AU$2.19 Million | AU$960.04 Million | ▲ +0.7 pp |
| 1989 | 98.8% | AU$282.00 Million | AU$3.47 Million | AU$614.29 Million | — |