Turkiye Sigorta AS (TURSG) — Tangible Net Worth Ratio
Turkiye Sigorta AS (TURSG) has a Tangible Net Worth Ratio of 99.5% as of September 2024. This metric is calculated by deducting intangible assets (TL113.14 Million) from net assets (TL23.07 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 TURSG net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Turkiye Sigorta AS Tangible Net Worth Ratio (2008–2023)
This chart shows how Turkiye Sigorta AS's Tangible Net Worth Ratio has changed across 16 annual periods from 2008 to 2023. As of September 2024, the ratio stands at 99.5%, reflecting net assets of TL23.07 Billion with intangible assets of TL113.14 Million TRY. See TURSG defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Turkiye Sigorta AS (2008–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Turkiye Sigorta AS from 2008 to 2023, covering 16 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 Turkiye Sigorta AS (TURSG) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (TRY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 99.5% | TL14.40 Billion | TL66.25 Million | TL76.30 Billion | ▲ +0.2 pp |
| 2022 | 99.3% | TL5.75 Billion | TL38.66 Million | TL27.53 Billion | ▼ 0.0 pp |
| 2021 | 99.4% | TL4.26 Billion | TL27.63 Million | TL14.48 Billion | ▼ -0.1 pp |
| 2020 | 99.5% | TL3.46 Billion | TL17.88 Million | TL10.75 Billion | ▲ +0.2 pp |
| 2019 | 99.2% | TL1.29 Billion | TL9.84 Million | TL3.66 Billion | ▲ +0.0 pp |
| 2018 | 99.2% | TL802.28 Million | TL6.50 Million | TL2.61 Billion | ▲ +0.3 pp |
| 2017 | 98.9% | TL677.60 Million | TL7.22 Million | TL2.17 Billion | ▲ +1.2 pp |
| 2016 | 97.8% | TL433.20 Million | TL9.71 Million | TL1.76 Billion | ▲ +7.4 pp |
| 2015 | 90.4% | TL130.74 Million | TL12.59 Million | TL1.36 Billion | ▼ -4.1 pp |
| 2014 | 94.4% | TL261.06 Million | TL14.52 Million | TL1.24 Billion | ▲ +0.5 pp |
| 2013 | 94.0% | TL240.00 Million | TL14.47 Million | TL1.12 Billion | ▲ +0.3 pp |
| 2012 | 93.7% | TL242.57 Million | TL15.24 Million | TL927.52 Million | ▲ +0.9 pp |
| 2011 | 92.8% | TL238.70 Million | TL17.17 Million | TL825.15 Million | ▼ -5.5 pp |
| 2010 | 98.4% | TL242.32 Million | TL3.99 Million | TL782.73 Million | ▲ +0.1 pp |
| 2009 | 98.2% | TL199.19 Million | TL3.49 Million | TL697.97 Million | ▼ -0.6 pp |
| 2008 | 98.8% | TL209.30 Million | TL2.42 Million | TL655.56 Million | — |