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. See working capital to net assets of LEONARDO ADR 1/2/EO 440 to evaluate short-term liquidity relative to the company's equity base.
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. See operational self-sufficiency of LEONARDO ADR 1/2/EO 440 to measure how many days the company can operate on defensive assets alone.
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. For the full company profile including market capitalisation, see LEONARDO ADR 1/2/EO 440 (FMN) total market value.
| 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 | — |