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. Also explore net asset growth rate of XL Axiata Tbk PT to track the company's year-over-year net asset growth rate.
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. For live market cap and overall valuation, see EXCL stock market capitalisation.
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. Explore XL Axiata Tbk PT capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| 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 | — |