SES S.A (SES) — Tangible Net Worth Ratio
SES S.A (SES) has a Tangible Net Worth Ratio of 100.0% as of June 2025. This metric is calculated by deducting intangible assets (€0.00) from net assets (€2.88 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 SES net asset value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
SES S.A Tangible Net Worth Ratio (2016–2025)
This chart shows how SES S.A's Tangible Net Worth Ratio has changed across 10 annual periods from 2016 to 2025. As of June 2025, the ratio stands at 100.0%, reflecting net assets of €2.88 Billion with intangible assets of €0.00 EUR. Also explore SES S.A (SES) net asset momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for SES S.A (2016–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for SES S.A from 2016 to 2025, covering 10 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 cap of SES S.A.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 63.1% | €2.71 Billion | €1.00 Billion | €13.37 Billion | ▼ -15.0 pp |
| 2024 | 78.1% | €3.49 Billion | €765.00 Million | €10.33 Billion | ▼ -1.2 pp |
| 2023 | 79.2% | €3.76 Billion | €780.00 Million | €10.18 Billion | ▲ +24.4 pp |
| 2022 | 54.9% | €5.66 Billion | €2.55 Billion | €12.61 Billion | ▼ -5.5 pp |
| 2021 | 60.4% | €5.73 Billion | €2.27 Billion | €13.08 Billion | ▲ +0.2 pp |
| 2020 | 60.2% | €5.44 Billion | €2.17 Billion | €12.39 Billion | ▼ -1.1 pp |
| 2019 | 61.3% | €6.26 Billion | €2.42 Billion | €13.23 Billion | ▲ +8.1 pp |
| 2018 | 53.3% | €6.25 Billion | €2.92 Billion | €12.86 Billion | ▼ -7.7 pp |
| 2017 | 60.9% | €6.11 Billion | €2.39 Billion | €12.18 Billion | ▼ -0.1 pp |
| 2016 | 61.0% | €6.95 Billion | €2.71 Billion | €13.65 Billion | — |