Sibanye Stillwater Ltd (SSW) — Tangible Net Worth Ratio
Sibanye Stillwater Ltd (SSW) has a Tangible Net Worth Ratio of 97.4% as of December 2025. This metric is calculated by deducting intangible assets (ZAC1.13 Billion) from net assets (ZAC44.17 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 SSW net 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
Sibanye Stillwater Ltd Tangible Net Worth Ratio (2013–2025)
This chart shows how Sibanye Stillwater Ltd's Tangible Net Worth Ratio has changed across 13 annual periods from 2013 to 2025. As of December 2025, the ratio stands at 97.4%, reflecting net assets of ZAC44.17 Billion with intangible assets of ZAC1.13 Billion ZAC. See operational self-sufficiency of Sibanye Stillwater Ltd to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Sibanye Stillwater Ltd (2013–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Sibanye Stillwater Ltd from 2013 to 2025, covering 13 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 Sibanye Stillwater Ltd (SSW) total market value.
| Year | Tangible NW Ratio | Net Assets (ZAC) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 97.4% | ZAC44.17 Billion | ZAC1.13 Billion | ZAC149.74 Billion | ▲ +0.1 pp |
| 2024 | 97.4% | ZAC48.29 Billion | ZAC1.28 Billion | ZAC137.99 Billion | ▼ -2.6 pp |
| 2023 | 100.0% | ZAC51.61 Billion | ZAC3.00 Million | ZAC142.94 Billion | ▲ +0.1 pp |
| 2022 | 99.9% | ZAC91.00 Billion | ZAC81.00 Million | ZAC166.63 Billion | ▲ +9.4 pp |
| 2021 | 90.5% | ZAC81.34 Billion | ZAC7.73 Billion | ZAC152.99 Billion | ▲ +0.6 pp |
| 2020 | 89.9% | ZAC70.72 Billion | ZAC7.17 Billion | ZAC134.10 Billion | ▲ +11.9 pp |
| 2019 | 78.0% | ZAC31.14 Billion | ZAC6.85 Billion | ZAC101.07 Billion | ▼ -22.0 pp |
| 2018 | 100.0% | ZAC24.72 Billion | ZAC0.00 | ZAC84.92 Billion | ▲ +0.0 pp |
| 2017 | 100.0% | ZAC24.00 Billion | ZAC0.00 | ZAC76.07 Billion | ▲ +0.0 pp |
| 2016 | 100.0% | ZAC16.70 Billion | ZAC0.00 | ZAC41.72 Billion | ▲ +0.0 pp |
| 2015 | 100.0% | ZAC14.98 Billion | ZAC0.00 | ZAC28.27 Billion | ▲ +0.0 pp |
| 2014 | 100.0% | ZAC14.99 Billion | ZAC0.00 | ZAC27.92 Billion | ▲ +0.0 pp |
| 2013 | 100.0% | ZAC11.21 Billion | ZAC0.00 | ZAC22.51 Billion | — |