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. See Smartfren Telecom Tbk working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
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. See FREN days of operational coverage to measure how many days the company can operate on defensive assets alone.
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. For the full company profile including market capitalisation, see how much is Smartfren Telecom Tbk worth.
| 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 | — |