Turkish Airlines (THYAO) — Tangible Net Worth Ratio
Turkish Airlines (THYAO) has a Tangible Net Worth Ratio of 99.2% as of December 2025. This metric is calculated by deducting intangible assets (TL180.00 Million) from net assets (TL21.31 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 THYAO shareholders equity momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Turkish Airlines Tangible Net Worth Ratio (2000–2025)
This chart shows how Turkish Airlines's Tangible Net Worth Ratio has changed across 26 annual periods from 2000 to 2025. As of December 2025, the ratio stands at 99.2%, reflecting net assets of TL21.31 Billion with intangible assets of TL180.00 Million TRY. Check THYAO capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Annual Tangible Net Worth Ratio for Turkish Airlines (2000–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Turkish Airlines from 2000 to 2025, covering 26 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 live market cap and overall valuation, see Turkish Airlines (THYAO) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (TRY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.2% | TL21.31 Billion | TL180.00 Million | TL46.60 Billion | ▼ -0.3 pp |
| 2024 | 99.4% | TL680.01 Billion | TL3.94 Billion | TL1.40 Trillion | ▼ 0.0 pp |
| 2023 | 99.4% | TL457.11 Billion | TL2.56 Billion | TL1.05 Trillion | ▲ +0.2 pp |
| 2022 | 99.2% | TL181.43 Billion | TL1.43 Billion | TL578.57 Billion | ▲ +0.4 pp |
| 2021 | 98.8% | TL6.84 Billion | TL82.00 Million | TL26.54 Billion | ▲ +0.5 pp |
| 2020 | 98.3% | TL39.51 Billion | TL653.00 Million | TL187.40 Billion | ▼ -0.5 pp |
| 2019 | 98.8% | TL6.86 Billion | TL82.18 Million | TL24.68 Billion | ▲ +0.2 pp |
| 2018 | 98.6% | TL5.91 Billion | TL81.09 Million | TL20.62 Billion | ▼ -0.1 pp |
| 2017 | 98.8% | TL5.31 Billion | TL65.58 Million | TL18.08 Billion | ▲ +0.2 pp |
| 2016 | 98.6% | TL5.07 Billion | TL73.43 Million | TL18.45 Billion | ▲ +0.4 pp |
| 2015 | 98.2% | TL14.09 Billion | TL258.00 Million | TL47.64 Billion | ▲ +0.3 pp |
| 2014 | 97.9% | TL9.15 Billion | TL194.26 Million | TL31.88 Billion | ▼ -0.1 pp |
| 2013 | 98.0% | TL6.96 Billion | TL140.09 Million | TL25.40 Billion | ▼ -1.1 pp |
| 2012 | 99.1% | TL5.41 Billion | TL51.18 Million | TL18.78 Billion | ▲ +0.1 pp |
| 2011 | 99.0% | TL4.50 Billion | TL46.96 Million | TL16.40 Billion | ▼ -0.2 pp |
| 2010 | 99.1% | TL3.75 Billion | TL33.10 Million | TL10.65 Billion | ▼ -0.6 pp |
| 2009 | 99.7% | TL3.44 Billion | TL10.67 Million | TL8.57 Billion | ▲ +0.3 pp |
| 2008 | 99.4% | TL2.99 Billion | TL17.70 Million | TL7.87 Billion | ▼ 0.0 pp |
| 2007 | 99.5% | TL1.90 Billion | TL10.45 Million | TL4.92 Billion | ▼ -0.1 pp |
| 2006 | 99.5% | TL1.61 Billion | TL7.51 Million | TL4.60 Billion | ▲ +0.0 pp |
| 2005 | 99.5% | TL1.25 Billion | TL6.15 Million | TL3.51 Billion | ▼ -0.5 pp |
| 2004 | 100.0% | TL1.11 Billion | TL0.00 | TL2.95 Billion | ▲ +0.0 pp |
| 2003 | 100.0% | TL881.11 Trillion | TL0.00 | TL2946.85 Trillion | ▲ +1.3 pp |
| 2002 | 98.7% | TL383.40 Trillion | TL4.92 Trillion | TL1018.90 Trillion | ▲ +1.2 pp |
| 2001 | 97.6% | TL167.17 Trillion | TL4.08 Trillion | TL593.99 Trillion | ▼ -0.2 pp |
| 2000 | 97.8% | TL83.47 Trillion | TL1.86 Trillion | TL369.35 Trillion | — |