Firstrand Ltd (FSR) — Tangible Net Worth Ratio
Firstrand Ltd (FSR) has a Tangible Net Worth Ratio of 95.7% as of December 2025. This metric is calculated by deducting intangible assets (ZAC9.69 Billion) from net assets (ZAC226.94 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. See Firstrand Ltd shareholders equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Firstrand Ltd Tangible Net Worth Ratio (2003–2025)
This chart shows how Firstrand Ltd's Tangible Net Worth Ratio has changed across 23 annual periods from 2003 to 2025. As of December 2025, the ratio stands at 95.7%, reflecting net assets of ZAC226.94 Billion with intangible assets of ZAC9.69 Billion ZAC. Also explore FSR net asset momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Firstrand Ltd (2003–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Firstrand Ltd 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 FSR market cap.
| Year | Tangible NW Ratio | Net Assets (ZAC) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.3% | ZAC240.97 Billion | ZAC1.73 Billion | ZAC2.59 Trillion | ▼ 0.0 pp |
| 2024 | 99.3% | ZAC217.80 Billion | ZAC1.52 Billion | ZAC2.37 Trillion | ▲ +0.1 pp |
| 2023 | 99.2% | ZAC194.92 Billion | ZAC1.63 Billion | ZAC2.29 Trillion | ▲ +0.1 pp |
| 2022 | 99.0% | ZAC180.71 Billion | ZAC1.74 Billion | ZAC2.00 Trillion | ▲ +0.4 pp |
| 2021 | 98.7% | ZAC167.89 Billion | ZAC2.21 Billion | ZAC1.89 Trillion | ▲ +0.8 pp |
| 2020 | 97.9% | ZAC151.92 Billion | ZAC3.25 Billion | ZAC1.93 Trillion | ▲ +0.1 pp |
| 2019 | 97.8% | ZAC144.59 Billion | ZAC3.24 Billion | ZAC1.67 Trillion | ▲ +0.5 pp |
| 2018 | 97.3% | ZAC130.80 Billion | ZAC3.54 Billion | ZAC1.53 Trillion | ▼ -1.9 pp |
| 2017 | 99.2% | ZAC117.18 Billion | ZAC902.00 Million | ZAC1.22 Trillion | ▼ -0.2 pp |
| 2016 | 99.4% | ZAC108.06 Billion | ZAC640.00 Million | ZAC1.15 Trillion | ▼ -0.1 pp |
| 2015 | 99.6% | ZAC98.60 Billion | ZAC440.00 Million | ZAC1.06 Trillion | ▼ 0.0 pp |
| 2014 | 99.6% | ZAC88.22 Billion | ZAC387.00 Million | ZAC945.53 Billion | ▲ +0.1 pp |
| 2013 | 99.5% | ZAC79.63 Billion | ZAC395.00 Million | ZAC869.67 Billion | ▲ +0.3 pp |
| 2012 | 99.2% | ZAC69.81 Billion | ZAC559.00 Million | ZAC769.76 Billion | ▲ +1.8 pp |
| 2011 | 97.4% | ZAC64.22 Billion | ZAC1.69 Billion | ZAC697.93 Billion | ▲ +0.9 pp |
| 2010 | 96.4% | ZAC58.96 Billion | ZAC2.10 Billion | ZAC845.24 Billion | ▲ +7.8 pp |
| 2009 | 88.6% | ZAC50.00 Billion | ZAC5.70 Billion | ZAC807.76 Billion | ▼ -2.2 pp |
| 2008 | 90.8% | ZAC48.69 Billion | ZAC4.50 Billion | ZAC817.68 Billion | ▲ +0.6 pp |
| 2007 | 90.1% | ZAC43.55 Billion | ZAC4.30 Billion | ZAC717.89 Billion | ▲ +1.3 pp |
| 2006 | 88.8% | ZAC36.53 Billion | ZAC4.08 Billion | ZAC576.81 Billion | ▼ -11.2 pp |
| 2005 | 100.0% | ZAC43.04 Billion | ZAC0.00 | ZAC473.13 Billion | ▲ +2.2 pp |
| 2004 | 97.8% | ZAC20.55 Billion | ZAC451.00 Million | ZAC323.45 Billion | ▼ -1.1 pp |
| 2003 | 98.9% | ZAC18.44 Billion | ZAC205.00 Million | ZAC304.00 Billion | — |