Siemens Healthineers AG (SHL) — Tangible Net Worth Ratio
Siemens Healthineers AG (SHL) has a Tangible Net Worth Ratio of 66.1% as of June 2026. This metric is calculated by deducting intangible assets (€6.50 Billion) from net assets (€19.16 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. Also explore Siemens Healthineers AG (SHL) equity growth momentum to track the company's year-over-year net asset growth rate.
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 June 2026, the ratio stands at 66.1%, reflecting net assets of €19.16 Billion with intangible assets of €6.50 Billion EUR. For live market cap and overall valuation, see Siemens Healthineers AG (SHL) market capitalisation.
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. Explore SHL capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| 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 | — |