Ninety One Ltd (NY1) — Tangible Net Worth Ratio
Ninety One Ltd (NY1) has a Tangible Net Worth Ratio of 94.1% as of September 2025. This metric is calculated by deducting intangible assets (ZAC23.15 Million) from net assets (ZAC391.00 Million) 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 Ninety One Ltd (NY1) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Ninety One Ltd Tangible Net Worth Ratio (2017–2025)
This chart shows how Ninety One Ltd's Tangible Net Worth Ratio has changed across 9 annual periods from 2017 to 2025. As of September 2025, the ratio stands at 94.1%, reflecting net assets of ZAC391.00 Million with intangible assets of ZAC23.15 Million ZAC. See operational self-sufficiency of Ninety One Ltd to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Ninety One Ltd (2017–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Ninety One Ltd from 2017 to 2025, covering 9 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 market cap of Ninety One Ltd.
| Year | Tangible NW Ratio | Net Assets (ZAC) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 100.0% | ZAC373.60 Million | ZAC0.00 | ZAC12.21 Billion | ▲ +0.0 pp |
| 2024 | 100.0% | ZAC367.60 Million | ZAC0.00 | ZAC11.12 Billion | ▲ +43.0 pp |
| 2023 | 57.0% | ZAC349.90 Million | ZAC150.50 Million | ZAC10.81 Billion | ▼ -7.0 pp |
| 2022 | 64.0% | ZAC341.60 Million | ZAC123.10 Million | ZAC11.68 Billion | ▲ +15.4 pp |
| 2021 | 48.6% | ZAC253.30 Million | ZAC130.20 Million | ZAC9.90 Billion | ▲ +28.0 pp |
| 2020 | 20.6% | ZAC151.10 Million | ZAC120.00 Million | ZAC7.65 Billion | ▼ -79.4 pp |
| 2019 | 100.0% | ZAC195.64 Million | ZAC24.00K | ZAC8.80 Billion | ▲ +0.1 pp |
| 2018 | 99.9% | ZAC211.61 Million | ZAC132.00K | ZAC9.07 Billion | ▼ 0.0 pp |
| 2017 | 99.9% | ZAC196.62 Million | ZAC109.00K | ZAC8.28 Billion | — |