MTN Group Ltd (MTN) — Tangible Net Worth Ratio
MTN Group Ltd (MTN) has a Tangible Net Worth Ratio of 78.0% as of December 2025. This metric is calculated by deducting intangible assets (ZAC37.35 Billion) from net assets (ZAC169.73 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 MTN net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
MTN Group Ltd Tangible Net Worth Ratio (2001–2025)
This chart shows how MTN Group Ltd's Tangible Net Worth Ratio has changed across 24 annual periods from 2001 to 2025. As of December 2025, the ratio stands at 78.0%, reflecting net assets of ZAC169.73 Billion with intangible assets of ZAC37.35 Billion ZAC. For live market cap and overall valuation, see MTN company net worth.
Annual Tangible Net Worth Ratio for MTN Group Ltd (2001–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for MTN Group Ltd from 2001 to 2025, covering 24 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 MTN Group Ltd 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 | 78.0% | ZAC169.73 Billion | ZAC37.35 Billion | ZAC498.71 Billion | ▲ +5.2 pp |
| 2024 | 72.8% | ZAC138.45 Billion | ZAC37.67 Billion | ZAC430.96 Billion | ▼ -0.4 pp |
| 2023 | 73.2% | ZAC150.18 Billion | ZAC40.29 Billion | ZAC434.71 Billion | ▲ +3.5 pp |
| 2022 | 69.7% | ZAC122.34 Billion | ZAC37.05 Billion | ZAC391.88 Billion | ▼ -3.7 pp |
| 2021 | 73.4% | ZAC114.98 Billion | ZAC30.54 Billion | ZAC365.80 Billion | ▼ -2.9 pp |
| 2020 | 76.4% | ZAC106.22 Billion | ZAC25.11 Billion | ZAC348.94 Billion | ▲ +3.1 pp |
| 2019 | 73.2% | ZAC86.10 Billion | ZAC23.05 Billion | ZAC302.31 Billion | ▼ -0.6 pp |
| 2018 | 73.8% | ZAC88.23 Billion | ZAC23.09 Billion | ZAC244.61 Billion | ▼ -3.2 pp |
| 2017 | 77.0% | ZAC94.27 Billion | ZAC21.69 Billion | ZAC242.41 Billion | ▲ +0.2 pp |
| 2016 | 76.8% | ZAC105.23 Billion | ZAC24.41 Billion | ZAC268.70 Billion | ▼ -4.3 pp |
| 2015 | 81.1% | ZAC151.84 Billion | ZAC28.66 Billion | ZAC313.87 Billion | ▼ -8.1 pp |
| 2014 | 89.2% | ZAC133.44 Billion | ZAC14.39 Billion | ZAC253.69 Billion | ▲ +0.6 pp |
| 2013 | 88.7% | ZAC119.77 Billion | ZAC13.59 Billion | ZAC226.82 Billion | ▲ +1.5 pp |
| 2012 | 87.2% | ZAC92.89 Billion | ZAC11.91 Billion | ZAC181.38 Billion | ▲ +24.4 pp |
| 2011 | 62.7% | ZAC92.70 Billion | ZAC34.54 Billion | ZAC181.41 Billion | ▲ +3.6 pp |
| 2010 | 59.1% | ZAC74.07 Billion | ZAC30.27 Billion | ZAC154.79 Billion | ▲ +8.6 pp |
| 2009 | 50.5% | ZAC72.87 Billion | ZAC36.06 Billion | ZAC156.24 Billion | ▲ +7.4 pp |
| 2008 | 43.2% | ZAC80.54 Billion | ZAC45.79 Billion | ZAC170.11 Billion | ▼ -31.5 pp |
| 2007 | 74.7% | ZAC51.50 Billion | ZAC13.05 Billion | ZAC115.59 Billion | ▲ +5.3 pp |
| 2006 | 69.4% | ZAC42.73 Billion | ZAC13.09 Billion | ZAC96.92 Billion | ▼ -13.1 pp |
| 2005 | 82.4% | ZAC23.10 Billion | ZAC4.06 Billion | ZAC44.81 Billion | ▼ -9.8 pp |
| 2003 | 92.3% | ZAC21.27 Billion | ZAC1.65 Billion | ZAC32.00 Billion | ▲ +4.9 pp |
| 2002 | 87.4% | ZAC17.95 Billion | ZAC2.26 Billion | ZAC28.16 Billion | ▲ +9.4 pp |
| 2001 | 78.0% | ZAC16.74 Billion | ZAC3.69 Billion | ZAC27.41 Billion | — |