LEONARDO ADR 1/2/EO 440 (FMN) — Tangible Net Worth Ratio
LEONARDO ADR 1/2/EO 440 (FMN) has a Tangible Net Worth Ratio of 60.6% as of December 2025. This metric is calculated by deducting intangible assets (€4.23 Billion) from net assets (€10.74 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 LEONARDO ADR 1/2/EO 440 (FMN) net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
LEONARDO ADR 1/2/EO 440 Tangible Net Worth Ratio (2021–2025)
This chart shows how LEONARDO ADR 1/2/EO 440's Tangible Net Worth Ratio has changed across 5 annual periods from 2021 to 2025. As of December 2025, the ratio stands at 60.6%, reflecting net assets of €10.74 Billion with intangible assets of €4.23 Billion EUR. For live market cap and overall valuation, see LEONARDO ADR 1/2/EO 440 (FMN) market capitalisation.
Annual Tangible Net Worth Ratio for LEONARDO ADR 1/2/EO 440 (2021–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for LEONARDO ADR 1/2/EO 440 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 LEONARDO ADR 1/2/EO 440 capital spending 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 | 60.6% | €10.74 Billion | €4.23 Billion | €34.51 Billion | ▲ +1.7 pp |
| 2024 | 58.9% | €10.20 Billion | €4.19 Billion | €33.67 Billion | ▲ +1.7 pp |
| 2023 | 57.2% | €8.56 Billion | €3.67 Billion | €30.69 Billion | ▲ +2.4 pp |
| 2022 | 54.7% | €7.70 Billion | €3.48 Billion | €28.58 Billion | ▲ +5.0 pp |
| 2021 | 49.8% | €6.46 Billion | €3.24 Billion | €28.38 Billion | — |