Gudang Garam Tbk (GGRM) — Tangible Net Worth Ratio
Gudang Garam Tbk (GGRM) has a Tangible Net Worth Ratio of 76.4% as of March 2026. This metric is calculated by deducting intangible assets (Rp15.10 Trillion) from net assets (Rp64.11 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 Gudang Garam Tbk to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Gudang Garam Tbk Tangible Net Worth Ratio (2000–2025)
This chart shows how Gudang Garam Tbk's Tangible Net Worth Ratio has changed across 26 annual periods from 2000 to 2025. As of March 2026, the ratio stands at 76.4%, reflecting net assets of Rp64.11 Trillion with intangible assets of Rp15.10 Trillion IDR. See GGRM defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Gudang Garam Tbk (2000–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Gudang Garam Tbk from 2000 to 2025, covering 26 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 GGRM stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (IDR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 76.2% | Rp62.57 Trillion | Rp14.90 Trillion | Rp75.25 Trillion | ▼ -0.7 pp |
| 2024 | 76.9% | Rp61.92 Trillion | Rp14.33 Trillion | Rp84.94 Trillion | ▼ -1.8 pp |
| 2023 | 78.6% | Rp60.86 Trillion | Rp13.01 Trillion | Rp92.45 Trillion | ▼ -21.4 pp |
| 2022 | 100.0% | Rp57.86 Trillion | Rp0.00 | Rp88.56 Trillion | ▲ +0.0 pp |
| 2021 | 100.0% | Rp59.29 Trillion | Rp0.00 | Rp89.96 Trillion | ▲ +0.0 pp |
| 2020 | 100.0% | Rp58.52 Trillion | Rp0.00 | Rp78.19 Trillion | ▲ +0.0 pp |
| 2019 | 100.0% | Rp50.93 Trillion | Rp0.00 | Rp78.65 Trillion | ▲ +0.0 pp |
| 2018 | 100.0% | Rp45.13 Trillion | Rp0.00 | Rp69.10 Trillion | ▲ +0.0 pp |
| 2017 | 100.0% | Rp42.19 Trillion | Rp0.00 | Rp66.76 Trillion | ▲ +0.0 pp |
| 2016 | 100.0% | Rp39.56 Trillion | Rp0.00 | Rp62.95 Trillion | ▲ +0.0 pp |
| 2015 | 100.0% | Rp38.01 Trillion | Rp0.00 | Rp63.51 Trillion | ▲ +0.0 pp |
| 2014 | 100.0% | Rp33.23 Trillion | Rp0.00 | Rp58.22 Trillion | ▲ +0.0 pp |
| 2013 | 100.0% | Rp29.42 Trillion | Rp0.00 | Rp50.77 Trillion | ▲ +0.0 pp |
| 2012 | 100.0% | Rp26.61 Trillion | Rp0.00 | Rp41.51 Trillion | ▲ +0.0 pp |
| 2011 | 100.0% | Rp24.55 Trillion | Rp0.00 | Rp39.09 Trillion | ▲ +0.0 pp |
| 2010 | 100.0% | Rp21.32 Trillion | Rp0.00 | Rp30.74 Trillion | ▲ +0.0 pp |
| 2009 | 100.0% | Rp18.38 Trillion | Rp1.24 Billion | Rp27.23 Trillion | ▲ +0.0 pp |
| 2008 | 100.0% | Rp15.52 Trillion | Rp1.54 Billion | Rp24.07 Trillion | ▲ +0.0 pp |
| 2007 | 100.0% | Rp14.14 Trillion | Rp1.85 Billion | Rp23.93 Trillion | ▲ +0.0 pp |
| 2006 | 100.0% | Rp13.17 Trillion | Rp2.16 Billion | Rp21.73 Trillion | ▲ +0.0 pp |
| 2005 | 100.0% | Rp13.13 Trillion | Rp2.47 Billion | Rp22.13 Trillion | ▲ +0.0 pp |
| 2004 | 100.0% | Rp12.20 Trillion | Rp2.78 Billion | Rp20.59 Trillion | ▲ +0.0 pp |
| 2003 | 100.0% | Rp10.97 Trillion | Rp3.09 Billion | Rp17.34 Trillion | ▲ +0.0 pp |
| 2002 | 100.0% | Rp9.71 Trillion | Rp3.40 Billion | Rp15.45 Trillion | ▲ +0.0 pp |
| 2001 | 100.0% | Rp8.20 Trillion | Rp3.71 Billion | Rp13.45 Trillion | ▲ +0.0 pp |
| 2000 | 99.9% | Rp6.11 Trillion | Rp4.01 Billion | Rp10.84 Trillion | — |