Genmab A/S (GMAB) — Tangible Net Worth Ratio
Genmab A/S (GMAB) has a Tangible Net Worth Ratio of 69.6% as of September 2025. This metric is calculated by deducting intangible assets (Dkr1.75 Billion) from net assets (Dkr5.75 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 GMAB 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
Genmab A/S Tangible Net Worth Ratio (2002–2024)
This chart shows how Genmab A/S's Tangible Net Worth Ratio has changed across 23 annual periods from 2002 to 2024. As of September 2025, the ratio stands at 69.6%, reflecting net assets of Dkr5.75 Billion with intangible assets of Dkr1.75 Billion DKK. See GMAB defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Genmab A/S (2002–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Genmab A/S from 2002 to 2024, covering 23 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 Genmab A/S market capitalisation.
| Year | Tangible NW Ratio | Net Assets (DKK) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 66.4% | Dkr36.70 Billion | Dkr12.34 Billion | Dkr45.81 Billion | ▼ -33.3 pp |
| 2023 | 99.7% | Dkr31.61 Billion | Dkr101.00 Million | Dkr35.29 Billion | ▲ +0.2 pp |
| 2022 | 99.5% | Dkr27.28 Billion | Dkr146.00 Million | Dkr30.12 Billion | ▲ +0.6 pp |
| 2021 | 98.9% | Dkr22.20 Billion | Dkr254.00 Million | Dkr24.63 Billion | ▲ +0.6 pp |
| 2020 | 98.2% | Dkr19.12 Billion | Dkr338.00 Million | Dkr21.14 Billion | ▲ +1.6 pp |
| 2019 | 96.7% | Dkr14.05 Billion | Dkr470.00 Million | Dkr15.14 Billion | ▲ +2.5 pp |
| 2018 | 94.1% | Dkr8.01 Billion | Dkr470.36 Million | Dkr8.46 Billion | ▼ -3.9 pp |
| 2017 | 98.0% | Dkr6.27 Billion | Dkr124.39 Million | Dkr6.60 Billion | ▲ +1.8 pp |
| 2016 | 96.2% | Dkr4.83 Billion | Dkr181.90 Million | Dkr5.24 Billion | ▲ +1.8 pp |
| 2015 | 94.5% | Dkr3.49 Billion | Dkr192.64 Million | Dkr3.90 Billion | ▼ -2.4 pp |
| 2014 | 96.9% | Dkr2.03 Billion | Dkr62.53 Million | Dkr2.87 Billion | ▼ -2.7 pp |
| 2013 | 99.6% | Dkr659.52 Million | Dkr2.54 Million | Dkr1.73 Billion | ▼ -0.4 pp |
| 2012 | 100.0% | Dkr383.19 Million | Dkr0.00 | Dkr1.69 Billion | ▲ +0.0 pp |
| 2011 | 100.0% | Dkr486.42 Million | Dkr0.00 | Dkr1.56 Billion | ▲ +0.0 pp |
| 2010 | 100.0% | Dkr1.08 Billion | Dkr0.00 | Dkr2.48 Billion | ▲ +0.0 pp |
| 2009 | 100.0% | Dkr1.30 Billion | Dkr0.00 | Dkr2.22 Billion | ▲ +0.0 pp |
| 2008 | 100.0% | Dkr2.19 Billion | Dkr0.00 | Dkr3.26 Billion | ▲ +0.0 pp |
| 2007 | 100.0% | Dkr2.88 Billion | Dkr0.00 | Dkr3.96 Billion | ▲ +0.0 pp |
| 2006 | 100.0% | Dkr1.61 Billion | Dkr0.00 | Dkr1.80 Billion | ▲ +0.0 pp |
| 2005 | 100.0% | Dkr1.12 Billion | Dkr0.00 | Dkr1.37 Billion | ▲ +2.0 pp |
| 2004 | 98.0% | Dkr1.18 Billion | Dkr24.17 Million | Dkr1.27 Billion | ▲ +1.1 pp |
| 2003 | 96.9% | Dkr1.09 Billion | Dkr33.77 Million | Dkr1.18 Billion | ▲ +1.5 pp |
| 2002 | 95.4% | Dkr1.40 Billion | Dkr64.60 Million | Dkr1.58 Billion | — |