RLX TECH. SP.ADR/1 CL.A (3CM) — Tangible Net Worth Ratio
RLX TECH. SP.ADR/1 CL.A (3CM) has a Tangible Net Worth Ratio of 98.6% as of December 2025. This metric is calculated by deducting intangible assets (€213.14 Million) from net assets (€15.73 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. Also explore net asset momentum of RLX TECH. SP.ADR/1 CL.A to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
RLX TECH. SP.ADR/1 CL.A Tangible Net Worth Ratio (2021–2025)
This chart shows how RLX TECH. SP.ADR/1 CL.A's Tangible Net Worth Ratio has changed across 5 annual periods from 2021 to 2025. As of December 2025, the ratio stands at 98.6%, reflecting net assets of €15.73 Billion with intangible assets of €213.14 Million EUR. For live market cap and overall valuation, see RLX TECH. SP.ADR/1 CL.A stock valuation.
Annual Tangible Net Worth Ratio for RLX TECH. SP.ADR/1 CL.A (2021–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for RLX TECH. SP.ADR/1 CL.A from 2021 to 2025, covering 5 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. Explore RLX TECH. SP.ADR/1 CL.A capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 98.6% | €15.73 Billion | €213.14 Million | €17.93 Billion | ▼ -1.0 pp |
| 2024 | 99.7% | €15.99 Billion | €52.80 Million | €16.87 Billion | ▲ +0.1 pp |
| 2023 | 99.6% | €15.60 Billion | €69.78 Million | €16.32 Billion | ▼ -0.4 pp |
| 2022 | 100.0% | €15.54 Billion | €7.55 Million | €16.38 Billion | ▲ +0.0 pp |
| 2021 | 99.9% | €13.52 Billion | €8.37 Million | €16.37 Billion | — |