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 (FSR) liquidity 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
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. See FSR cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
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 how much is Firstrand Ltd worth.
| 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 | — |