BAE SYSTEMS ADR/4 LS-025 (BSPA) — Tangible Net Worth Ratio
BAE SYSTEMS ADR/4 LS-025 (BSPA) has a Tangible Net Worth Ratio of 78.9% as of December 2025. This metric is calculated by deducting intangible assets (€2.51 Billion) from net assets (€11.94 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 BAE SYSTEMS ADR/4 LS-025 working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
BAE SYSTEMS ADR/4 LS-025 Tangible Net Worth Ratio (2021–2025)
This chart shows how BAE SYSTEMS ADR/4 LS-025's Tangible Net Worth Ratio has changed across 5 annual periods from 2021 to 2025. As of December 2025, the ratio stands at 78.9%, reflecting net assets of €11.94 Billion with intangible assets of €2.51 Billion EUR. See BAE SYSTEMS ADR/4 LS-025 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for BAE SYSTEMS ADR/4 LS-025 (2021–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for BAE SYSTEMS ADR/4 LS-025 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. For the full company profile including market capitalisation, see BSPA stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 78.9% | €11.94 Billion | €2.51 Billion | €37.68 Billion | ▲ +4.1 pp |
| 2024 | 74.8% | €11.78 Billion | €2.96 Billion | €38.14 Billion | ▼ -18.5 pp |
| 2023 | 93.4% | €10.72 Billion | €713.00 Million | €32.06 Billion | ▲ +0.6 pp |
| 2022 | 92.8% | €11.40 Billion | €825.00 Million | €31.46 Billion | ▲ +3.3 pp |
| 2021 | 89.5% | €7.67 Billion | €806.00 Million | €27.14 Billion | — |