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 Sibanye Stillwater Ltd shareholders equity for net asset value and shareholders' equity analysis.
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. Also explore SSW net asset momentum to track the company's year-over-year net asset growth rate.
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 market cap and net worth.
| 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 | — |