Adcorp (ADR) — Tangible Net Worth Ratio
Adcorp (ADR) has a Tangible Net Worth Ratio of 94.7% as of August 2025. This metric is calculated by deducting intangible assets (ZAC79.48 Million) from net assets (ZAC1.49 Billion) 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 how fast is Adcorp growing its equity to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Adcorp Tangible Net Worth Ratio (2003–2025)
This chart shows how Adcorp's Tangible Net Worth Ratio has changed across 25 annual periods from 2003 to 2025. As of August 2025, the ratio stands at 94.7%, reflecting net assets of ZAC1.49 Billion with intangible assets of ZAC79.48 Million ZAC. For live market cap and overall valuation, see ADR stock market capitalisation.
Annual Tangible Net Worth Ratio for Adcorp (2003–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Adcorp from 2003 to 2025, covering 25 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 Adcorp capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (ZAC) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 94.1% | ZAC1.49 Billion | ZAC87.96 Million | ZAC3.27 Billion | ▲ +1.6 pp |
| 2024 | 92.5% | ZAC1.46 Billion | ZAC109.05 Million | ZAC3.12 Billion | ▲ +0.6 pp |
| 2023 | 91.9% | ZAC1.53 Billion | ZAC123.68 Million | ZAC3.16 Billion | ▲ +0.5 pp |
| 2022 | 91.5% | ZAC1.47 Billion | ZAC125.77 Million | ZAC3.20 Billion | ▲ +2.1 pp |
| 2021 | 89.3% | ZAC1.35 Billion | ZAC144.35 Million | ZAC3.52 Billion | ▲ +7.3 pp |
| 2020 | 82.1% | ZAC1.18 Billion | ZAC210.97 Million | ZAC4.01 Billion | ▼ -5.8 pp |
| 2019 | 87.8% | ZAC1.91 Billion | ZAC231.60 Million | ZAC4.36 Billion | ▲ +5.1 pp |
| 2018 | 82.8% | ZAC1.60 Billion | ZAC275.79 Million | ZAC4.53 Billion | ▲ +9.5 pp |
| 2017 | 73.2% | ZAC2.30 Billion | ZAC615.96 Million | ZAC5.74 Billion | ▲ +1.3 pp |
| 2016 | 72.0% | ZAC2.69 Billion | ZAC753.17 Million | ZAC6.38 Billion | ▼ -28.0 pp |
| 2015 | 100.0% | ZAC81.70K | ZAC0.00 | ZAC136.84K | ▲ +24.8 pp |
| 2015 | 75.2% | ZAC2.47 Billion | ZAC611.75 Million | ZAC5.34 Billion | ▼ -24.8 pp |
| 2014 | 100.0% | ZAC32.30K | ZAC0.00 | ZAC423.54K | ▲ +26.7 pp |
| 2014 | 73.3% | ZAC2.10 Billion | ZAC559.52 Million | ZAC4.69 Billion | ▲ +0.3 pp |
| 2013 | 73.0% | ZAC1.90 Billion | ZAC511.67 Million | ZAC4.13 Billion | ▼ -1.8 pp |
| 2012 | 74.8% | ZAC1.44 Billion | ZAC363.19 Million | ZAC2.84 Billion | ▼ -11.1 pp |
| 2011 | 85.9% | ZAC1.01 Billion | ZAC143.02 Million | ZAC1.93 Billion | ▲ +5.6 pp |
| 2010 | 80.2% | ZAC907.94 Million | ZAC179.33 Million | ZAC1.67 Billion | ▲ +6.3 pp |
| 2009 | 74.0% | ZAC803.48 Million | ZAC209.09 Million | ZAC1.71 Billion | ▲ +1.3 pp |
| 2008 | 72.7% | ZAC667.75 Million | ZAC182.27 Million | ZAC1.39 Billion | ▼ -13.1 pp |
| 2007 | 85.8% | ZAC310.70 Million | ZAC44.22 Million | ZAC649.87 Million | ▲ +0.0 pp |
| 2006 | 85.8% | ZAC310.70 Million | ZAC44.22 Million | ZAC649.87 Million | ▼ -12.8 pp |
| 2005 | 98.6% | ZAC221.33 Million | ZAC3.14 Million | ZAC483.52 Million | ▼ -1.4 pp |
| 2004 | 100.0% | ZAC194.76 Million | ZAC0.00 | ZAC411.03 Million | ▲ +0.0 pp |
| 2003 | 100.0% | ZAC222.15 Million | ZAC0.00 | ZAC434.71 Million | — |