Jasa Marga Tbk (JSMR) — Tangible Net Worth Ratio
Jasa Marga Tbk (JSMR) has a Tangible Net Worth Ratio of -123.2% as of March 2026. This metric is calculated by deducting intangible assets (Rp141.63 Trillion) from net assets (Rp63.46 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 JSMR current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Jasa Marga Tbk Tangible Net Worth Ratio (2003–2025)
This chart shows how Jasa Marga Tbk's Tangible Net Worth Ratio has changed across 23 annual periods from 2003 to 2025. As of March 2026, the ratio stands at -123.2%, reflecting net assets of Rp63.46 Trillion with intangible assets of Rp141.63 Trillion IDR. See JSMR days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Jasa Marga Tbk (2003–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Jasa Marga Tbk from 2003 to 2025, 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 Jasa Marga Tbk (JSMR) total market value.
| Year | Tangible NW Ratio | Net Assets (IDR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -126.2% | Rp62.36 Trillion | Rp141.06 Trillion | Rp160.00 Trillion | ▼ -12.3 pp |
| 2024 | -113.9% | Rp57.54 Trillion | Rp123.09 Trillion | Rp140.73 Trillion | ▲ +72.3 pp |
| 2023 | -186.2% | Rp38.91 Trillion | Rp111.36 Trillion | Rp129.31 Trillion | ▼ -24.3 pp |
| 2022 | -161.9% | Rp25.62 Trillion | Rp67.10 Trillion | Rp91.14 Trillion | ▲ +50.2 pp |
| 2021 | -212.1% | Rp25.50 Trillion | Rp79.58 Trillion | Rp101.24 Trillion | ▲ +25.1 pp |
| 2020 | -237.2% | Rp24.78 Trillion | Rp83.54 Trillion | Rp104.09 Trillion | ▲ +2.3 pp |
| 2019 | -239.5% | Rp23.19 Trillion | Rp78.71 Trillion | Rp99.68 Trillion | ▼ -25.3 pp |
| 2018 | -214.1% | Rp20.20 Trillion | Rp63.45 Trillion | Rp82.42 Trillion | ▼ -8.6 pp |
| 2017 | -205.5% | Rp18.36 Trillion | Rp56.09 Trillion | Rp79.19 Trillion | ▼ -79.7 pp |
| 2016 | -125.8% | Rp16.34 Trillion | Rp36.90 Trillion | Rp53.50 Trillion | ▲ +7.2 pp |
| 2015 | -133.0% | Rp12.37 Trillion | Rp28.82 Trillion | Rp36.72 Trillion | ▼ -4.4 pp |
| 2014 | -128.6% | Rp11.42 Trillion | Rp26.12 Trillion | Rp31.86 Trillion | ▼ -17.5 pp |
| 2013 | -111.1% | Rp10.87 Trillion | Rp22.94 Trillion | Rp28.37 Trillion | ▼ -18.2 pp |
| 2012 | -93.0% | Rp9.79 Trillion | Rp18.89 Trillion | Rp24.75 Trillion | ▼ -188.9 pp |
| 2011 | 95.9% | Rp9.24 Trillion | Rp374.66 Billion | Rp21.43 Trillion | ▲ +117.4 pp |
| 2010 | -21.5% | Rp8.36 Trillion | Rp10.16 Trillion | Rp18.95 Trillion | ▲ +6.4 pp |
| 2009 | -27.8% | Rp7.75 Trillion | Rp9.90 Trillion | Rp16.17 Trillion | ▲ +0.7 pp |
| 2008 | -28.6% | Rp6.88 Trillion | Rp8.85 Trillion | Rp14.64 Trillion | ▲ +16.9 pp |
| 2007 | -45.5% | Rp6.21 Trillion | Rp9.04 Trillion | Rp13.85 Trillion | ▼ -142.1 pp |
| 2006 | 96.7% | Rp2.39 Trillion | Rp79.22 Billion | Rp10.26 Trillion | ▲ +0.7 pp |
| 2005 | 96.0% | Rp1.98 Trillion | Rp78.82 Billion | Rp9.74 Trillion | ▼ -4.0 pp |
| 2004 | 100.0% | Rp1.85 Trillion | Rp0.00 | Rp7.97 Trillion | ▲ +0.0 pp |
| 2003 | 100.0% | Rp1.72 Trillion | Rp0.00 | Rp6.02 Trillion | — |