China Southern Airlines Company Limited (ZNHH) — Tangible Net Worth Ratio
China Southern Airlines Company Limited (ZNHH) has a Tangible Net Worth Ratio of 86.5% as of March 2026. This metric is calculated by deducting intangible assets (€7.74 Billion) from net assets (€57.16 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. See what is China Southern Airlines Company Limited's book value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
China Southern Airlines Company Limited Tangible Net Worth Ratio (2013–2025)
This chart shows how China Southern Airlines Company Limited's Tangible Net Worth Ratio has changed across 13 annual periods from 2013 to 2025. As of March 2026, the ratio stands at 86.5%, reflecting net assets of €57.16 Billion with intangible assets of €7.74 Billion EUR. Also explore China Southern Airlines Company Limited (ZNHH) equity growth momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for China Southern Airlines Company Limited (2013–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for China Southern Airlines 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 cap of China Southern Airlines Company Limited.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 86.3% | €55.01 Billion | €7.55 Billion | €349.81 Billion | ▲ +0.2 pp |
| 2024 | 86.0% | €52.59 Billion | €7.34 Billion | €329.74 Billion | ▼ -1.2 pp |
| 2023 | 87.3% | €52.00 Billion | €6.63 Billion | €309.23 Billion | ▼ -2.8 pp |
| 2022 | 90.1% | €55.36 Billion | €5.48 Billion | €312.25 Billion | ▼ -2.1 pp |
| 2021 | 92.2% | €84.51 Billion | €6.56 Billion | €323.21 Billion | ▼ -1.3 pp |
| 2020 | 93.5% | €85.13 Billion | €5.53 Billion | €326.38 Billion | ▼ -1.7 pp |
| 2019 | 95.2% | €77.33 Billion | €3.69 Billion | €306.93 Billion | ▼ -4.3 pp |
| 2018 | 99.5% | €78.47 Billion | €372.00 Million | €246.95 Billion | ▲ +0.0 pp |
| 2017 | 99.5% | €62.54 Billion | €316.00 Million | €218.72 Billion | ▼ 0.0 pp |
| 2016 | 99.5% | €54.98 Billion | €255.00 Million | €200.44 Billion | ▲ +5.3 pp |
| 2015 | 94.2% | €49.80 Billion | €2.89 Billion | €186.50 Billion | ▼ -0.1 pp |
| 2014 | 94.3% | €44.27 Billion | €2.54 Billion | €189.70 Billion | ▲ +0.0 pp |
| 2013 | 94.2% | €42.21 Billion | €2.44 Billion | €165.15 Billion | — |