H+M HEN.+MAU.UNSP.ADR 1/5 (HMSA) — Tangible Net Worth Ratio
H+M HEN.+MAU.UNSP.ADR 1/5 (HMSA) has a Tangible Net Worth Ratio of 84.3% as of November 2025. This metric is calculated by deducting intangible assets (€6.73 Billion) from net assets (€42.95 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 HMSA working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
H+M HEN.+MAU.UNSP.ADR 1/5 Tangible Net Worth Ratio (2022–2025)
This chart shows how H+M HEN.+MAU.UNSP.ADR 1/5's Tangible Net Worth Ratio has changed across 4 annual periods from 2022 to 2025. As of November 2025, the ratio stands at 84.3%, reflecting net assets of €42.95 Billion with intangible assets of €6.73 Billion EUR. See defensive interval ratio of H+M HEN.+MAU.UNSP.ADR 1/5 to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for H+M HEN.+MAU.UNSP.ADR 1/5 (2022–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for H+M HEN.+MAU.UNSP.ADR 1/5 from 2022 to 2025, covering 4 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 HMSA market cap.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 84.3% | €42.95 Billion | €6.73 Billion | €170.27 Billion | ▲ +1.0 pp |
| 2024 | 83.3% | €46.21 Billion | €7.72 Billion | €180.21 Billion | ▲ +1.6 pp |
| 2023 | 81.7% | €47.51 Billion | €8.71 Billion | €181.27 Billion | ▼ -0.4 pp |
| 2022 | 82.1% | €50.76 Billion | €9.09 Billion | €182.05 Billion | — |