First Tractor Company Limited (FTP) — Tangible Net Worth Ratio
First Tractor Company Limited (FTP) has a Tangible Net Worth Ratio of 92.1% as of December 2025. This metric is calculated by deducting intangible assets (€648.56 Million) from net assets (€8.23 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 FTP 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
First Tractor Company Limited Tangible Net Worth Ratio (2013–2025)
This chart shows how First Tractor Company Limited's Tangible Net Worth Ratio has changed across 13 annual periods from 2013 to 2025. As of December 2025, the ratio stands at 92.1%, reflecting net assets of €8.23 Billion with intangible assets of €648.56 Million EUR. See First Tractor Company Limited liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for First Tractor Company Limited (2013–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for First Tractor Company Limited from 2013 to 2025, covering 13 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 market value of First Tractor Company Limited.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 92.1% | €8.23 Billion | €648.56 Million | €15.10 Billion | ▲ +1.1 pp |
| 2024 | 91.0% | €7.78 Billion | €700.90 Million | €14.69 Billion | ▲ +0.8 pp |
| 2023 | 90.2% | €7.22 Billion | €710.92 Million | €13.82 Billion | ▲ +1.1 pp |
| 2022 | 89.0% | €6.50 Billion | €713.23 Million | €12.99 Billion | ▲ +1.6 pp |
| 2021 | 87.4% | €5.98 Billion | €750.86 Million | €12.34 Billion | ▲ +2.9 pp |
| 2020 | 84.6% | €4.98 Billion | €766.87 Million | €12.34 Billion | ▲ +1.1 pp |
| 2019 | 83.5% | €4.78 Billion | €791.67 Million | €11.63 Billion | ▲ +1.5 pp |
| 2018 | 81.9% | €4.66 Billion | €842.34 Million | €13.14 Billion | ▼ -2.3 pp |
| 2017 | 84.2% | €5.44 Billion | €859.72 Million | €14.10 Billion | ▲ +0.5 pp |
| 2016 | 83.7% | €5.50 Billion | €896.64 Million | €13.21 Billion | ▲ +0.8 pp |
| 2015 | 82.9% | €5.40 Billion | €922.35 Million | €13.27 Billion | ▲ +0.7 pp |
| 2014 | 82.2% | €5.32 Billion | €947.15 Million | €12.36 Billion | ▲ +0.4 pp |
| 2013 | 81.8% | €5.26 Billion | €958.40 Million | €11.70 Billion | — |