Siemens Healthineers AG (SHL) — Tangible Net Worth Ratio
Siemens Healthineers AG (SHL) has a Tangible Net Worth Ratio of 65.3% as of December 2025. This metric is calculated by deducting intangible assets (€6.41 Billion) from net assets (€18.48 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 Siemens Healthineers AG book value and equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Siemens Healthineers AG Tangible Net Worth Ratio (2017–2024)
This chart shows how Siemens Healthineers AG's Tangible Net Worth Ratio has changed across 8 annual periods from 2017 to 2024. As of December 2025, the ratio stands at 65.3%, reflecting net assets of €18.48 Billion with intangible assets of €6.41 Billion EUR. Also explore Siemens Healthineers AG (SHL) net asset momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Siemens Healthineers AG (2017–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Siemens Healthineers AG from 2017 to 2024, covering 8 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 Siemens Healthineers AG.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 61.3% | €18.25 Billion | €7.06 Billion | €46.05 Billion | ▲ +3.9 pp |
| 2023 | 57.4% | €18.13 Billion | €7.73 Billion | €46.68 Billion | ▲ +1.3 pp |
| 2022 | 56.1% | €19.85 Billion | €8.71 Billion | €49.06 Billion | ▲ +6.4 pp |
| 2021 | 49.7% | €16.34 Billion | €8.21 Billion | €42.16 Billion | ▼ -35.0 pp |
| 2020 | 84.7% | €12.51 Billion | €1.91 Billion | €25.09 Billion | ▲ +0.8 pp |
| 2019 | 83.9% | €9.78 Billion | €1.58 Billion | €21.43 Billion | ▲ +2.0 pp |
| 2018 | 81.9% | €8.68 Billion | €1.57 Billion | €19.76 Billion | ▼ -18.1 pp |
| 2017 | 100.0% | €3.24 Billion | €0.00 | €20.44 Billion | — |