Smartfren Telecom Tbk (FREN) — Tangible Net Worth Ratio
Smartfren Telecom Tbk (FREN) has a Tangible Net Worth Ratio of 96.5% as of December 2024. This metric is calculated by deducting intangible assets (Rp753.37 Billion) from net assets (Rp21.45 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 Smartfren Telecom Tbk to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Smartfren Telecom Tbk Tangible Net Worth Ratio (2005–2024)
This chart shows how Smartfren Telecom Tbk's Tangible Net Worth Ratio has changed across 19 annual periods from 2005 to 2024. As of December 2024, the ratio stands at 96.5%, reflecting net assets of Rp21.45 Trillion with intangible assets of Rp753.37 Billion IDR. For live market cap and overall valuation, see market cap of Smartfren Telecom Tbk.
Annual Tangible Net Worth Ratio for Smartfren Telecom Tbk (2005–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Smartfren Telecom Tbk from 2005 to 2024, covering 19 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 capital reinvestment ratio of Smartfren Telecom Tbk 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 | 96.5% | Rp21.45 Trillion | Rp753.37 Billion | Rp43.18 Trillion | ▲ +2.0 pp |
| 2023 | 94.5% | Rp15.67 Trillion | Rp869.81 Billion | Rp45.04 Trillion | ▼ -0.3 pp |
| 2022 | 94.8% | Rp15.76 Trillion | Rp820.77 Billion | Rp46.49 Trillion | ▲ +2.1 pp |
| 2021 | 92.7% | Rp12.65 Trillion | Rp921.33 Billion | Rp43.36 Trillion | ▼ -1.8 pp |
| 2020 | 94.5% | Rp12.37 Trillion | Rp683.03 Billion | Rp38.68 Trillion | ▲ +4.0 pp |
| 2019 | 90.5% | Rp12.74 Trillion | Rp1.21 Trillion | Rp27.65 Trillion | ▲ +7.4 pp |
| 2018 | 83.1% | Rp12.45 Trillion | Rp2.10 Trillion | Rp25.21 Trillion | ▲ +11.6 pp |
| 2017 | 71.5% | Rp9.24 Trillion | Rp2.64 Trillion | Rp24.11 Trillion | ▲ +4.8 pp |
| 2016 | 66.6% | Rp5.87 Trillion | Rp1.96 Trillion | Rp22.81 Trillion | ▼ -15.8 pp |
| 2015 | 82.4% | Rp6.85 Trillion | Rp1.20 Trillion | Rp20.71 Trillion | ▲ +17.5 pp |
| 2014 | 64.9% | Rp3.96 Trillion | Rp1.39 Trillion | Rp17.76 Trillion | ▼ -13.7 pp |
| 2013 | 78.6% | Rp3.05 Trillion | Rp653.56 Billion | Rp15.87 Trillion | ▼ -8.7 pp |
| 2012 | 87.2% | Rp4.98 Trillion | Rp635.76 Billion | Rp14.34 Trillion | ▲ +27.3 pp |
| 2011 | 60.0% | Rp3.27 Trillion | Rp1.31 Trillion | Rp12.30 Trillion | ▼ -18.3 pp |
| 2009 | 78.3% | Rp792.53 Billion | Rp172.33 Billion | Rp4.76 Trillion | ▲ +3.6 pp |
| 2008 | 74.6% | Rp727.32 Billion | Rp184.66 Billion | Rp4.76 Trillion | ▼ -14.6 pp |
| 2007 | 89.3% | Rp1.80 Trillion | Rp193.05 Billion | Rp4.54 Trillion | ▲ +4.3 pp |
| 2006 | 85.0% | Rp1.59 Trillion | Rp239.05 Billion | Rp3.04 Trillion | ▲ +19.9 pp |
| 2005 | 65.1% | Rp724.14 Billion | Rp252.64 Billion | Rp2.37 Trillion | — |