XL Axiata Tbk PT (EXCL) — Tangible Net Worth Ratio
XL Axiata Tbk PT (EXCL) has a Tangible Net Worth Ratio of 58.5% as of September 2025. This metric is calculated by deducting intangible assets (Rp13.29 Trillion) from net assets (Rp32.00 Trillion) 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 working capital to net assets of XL Axiata Tbk PT to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
XL Axiata Tbk PT Tangible Net Worth Ratio (2002–2024)
This chart shows how XL Axiata Tbk PT's Tangible Net Worth Ratio has changed across 23 annual periods from 2002 to 2024. As of September 2025, the ratio stands at 58.5%, reflecting net assets of Rp32.00 Trillion with intangible assets of Rp13.29 Trillion IDR. See XL Axiata Tbk PT liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for XL Axiata Tbk PT (2002–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for XL Axiata Tbk PT from 2002 to 2024, covering 23 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 EXCL market cap overview.
| Year | Tangible NW Ratio | Net Assets (IDR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 73.4% | Rp26.22 Trillion | Rp6.98 Trillion | Rp86.18 Trillion | ▼ -2.3 pp |
| 2023 | 75.7% | Rp26.50 Trillion | Rp6.45 Trillion | Rp87.69 Trillion | ▼ -1.1 pp |
| 2022 | 76.8% | Rp25.77 Trillion | Rp5.99 Trillion | Rp87.28 Trillion | ▲ +5.2 pp |
| 2021 | 71.6% | Rp20.09 Trillion | Rp5.71 Trillion | Rp72.75 Trillion | ▲ +1.4 pp |
| 2020 | 70.1% | Rp19.14 Trillion | Rp5.72 Trillion | Rp67.74 Trillion | ▲ +0.1 pp |
| 2019 | 70.0% | Rp19.12 Trillion | Rp5.73 Trillion | Rp62.73 Trillion | ▲ +1.5 pp |
| 2018 | 68.6% | Rp18.34 Trillion | Rp5.77 Trillion | Rp57.61 Trillion | ▼ -4.1 pp |
| 2017 | 72.7% | Rp21.63 Trillion | Rp5.91 Trillion | Rp56.32 Trillion | ▲ +1.5 pp |
| 2016 | 71.2% | Rp21.21 Trillion | Rp6.11 Trillion | Rp54.90 Trillion | ▲ +16.1 pp |
| 2015 | 55.1% | Rp14.09 Trillion | Rp6.33 Trillion | Rp58.84 Trillion | ▼ -0.8 pp |
| 2014 | 55.9% | Rp13.96 Trillion | Rp6.16 Trillion | Rp63.71 Trillion | ▼ -39.1 pp |
| 2013 | 94.9% | Rp15.30 Trillion | Rp774.63 Billion | Rp40.28 Trillion | ▼ -2.6 pp |
| 2012 | 97.6% | Rp15.37 Trillion | Rp376.51 Billion | Rp35.46 Trillion | ▲ +0.8 pp |
| 2011 | 96.7% | Rp13.69 Trillion | Rp448.86 Billion | Rp31.17 Trillion | ▲ +1.2 pp |
| 2010 | 95.6% | Rp11.72 Trillion | Rp521.20 Billion | Rp27.25 Trillion | ▼ -1.7 pp |
| 2009 | 97.2% | Rp8.80 Trillion | Rp244.07 Billion | Rp27.38 Trillion | ▲ +3.8 pp |
| 2008 | 93.4% | Rp4.31 Trillion | Rp283.65 Billion | Rp28.91 Trillion | ▲ +0.7 pp |
| 2007 | 92.8% | Rp4.46 Trillion | Rp323.23 Billion | Rp18.83 Trillion | ▲ +1.2 pp |
| 2006 | 91.5% | Rp4.28 Trillion | Rp362.81 Billion | Rp12.64 Trillion | ▼ -8.5 pp |
| 2005 | 100.0% | Rp3.63 Trillion | Rp0.00 | Rp9.35 Trillion | ▲ +0.0 pp |
| 2004 | 100.0% | Rp1.03 Trillion | Rp0.00 | Rp6.47 Trillion | ▲ +0.0 pp |
| 2003 | 100.0% | Rp1.09 Trillion | Rp0.00 | Rp5.54 Trillion | ▲ +0.0 pp |
| 2002 | 100.0% | Rp687.93 Billion | Rp0.00 | Rp4.75 Trillion | — |