Naturgy BAN SA (GBAN) — Tangible Net Worth Ratio
Naturgy BAN SA (GBAN) has a Tangible Net Worth Ratio of 94.1% as of December 2025. This metric is calculated by deducting intangible assets (AR$26.73 Billion) from net assets (AR$452.83 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 GBAN 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
Naturgy BAN SA Tangible Net Worth Ratio (2015–2025)
This chart shows how Naturgy BAN SA's Tangible Net Worth Ratio has changed across 11 annual periods from 2015 to 2025. As of December 2025, the ratio stands at 94.1%, reflecting net assets of AR$452.83 Billion with intangible assets of AR$26.73 Billion ARS. See GBAN defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Naturgy BAN SA (2015–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Naturgy BAN SA from 2015 to 2025, covering 11 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 GBAN market cap.
| Year | Tangible NW Ratio | Net Assets (ARS) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 94.1% | AR$452.83 Billion | AR$26.73 Billion | AR$651.59 Billion | ▼ -1.5 pp |
| 2024 | 95.6% | AR$366.97 Billion | AR$16.26 Billion | AR$528.06 Billion | ▲ +1.0 pp |
| 2023 | 94.6% | AR$229.09 Billion | AR$12.36 Billion | AR$301.21 Billion | ▼ -0.2 pp |
| 2022 | 94.8% | AR$29.82 Billion | AR$1.54 Billion | AR$44.36 Billion | ▼ -1.2 pp |
| 2021 | 96.1% | AR$12.11 Billion | AR$477.21 Million | AR$22.47 Billion | ▲ +0.3 pp |
| 2020 | 95.7% | AR$6.43 Billion | AR$275.04 Million | AR$16.82 Billion | ▼ -1.4 pp |
| 2019 | 97.1% | AR$15.53 Billion | AR$454.35 Million | AR$26.35 Billion | ▲ +0.4 pp |
| 2018 | 96.7% | AR$7.75 Billion | AR$257.61 Million | AR$15.21 Billion | ▲ +1.1 pp |
| 2017 | 95.6% | AR$1.64 Billion | AR$72.56 Million | AR$4.53 Billion | ▼ -0.4 pp |
| 2016 | 96.0% | AR$1.10 Billion | AR$43.94 Million | AR$5.15 Billion | ▼ -1.0 pp |
| 2015 | 97.0% | AR$859.57 Million | AR$26.08 Million | AR$2.70 Billion | — |