Tiger Brands Ltd (TBS) — Tangible Net Worth Ratio
Tiger Brands Ltd (TBS) has a Tangible Net Worth Ratio of 92.8% as of September 2025. This metric is calculated by deducting intangible assets (ZAC1.25 Billion) from net assets (ZAC17.24 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 shareholders equity of Tiger Brands Ltd for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tiger Brands Ltd Tangible Net Worth Ratio (2001–2025)
This chart shows how Tiger Brands Ltd's Tangible Net Worth Ratio has changed across 25 annual periods from 2001 to 2025. As of September 2025, the ratio stands at 92.8%, reflecting net assets of ZAC17.24 Billion with intangible assets of ZAC1.25 Billion ZAC. Also explore Tiger Brands Ltd (TBS) equity growth momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Tiger Brands Ltd (2001–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Tiger Brands Ltd from 2001 to 2025, covering 25 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 Tiger Brands Ltd worth.
| Year | Tangible NW Ratio | Net Assets (ZAC) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 92.8% | ZAC17.24 Billion | ZAC1.25 Billion | ZAC26.95 Billion | ▲ +0.3 pp |
| 2024 | 92.4% | ZAC18.20 Billion | ZAC1.38 Billion | ZAC26.46 Billion | ▲ +0.6 pp |
| 2023 | 91.9% | ZAC17.30 Billion | ZAC1.41 Billion | ZAC25.84 Billion | ▲ +2.8 pp |
| 2022 | 89.0% | ZAC15.69 Billion | ZAC1.72 Billion | ZAC24.02 Billion | ▲ +0.0 pp |
| 2021 | 89.0% | ZAC15.70 Billion | ZAC1.73 Billion | ZAC22.83 Billion | ▲ +0.0 pp |
| 2020 | 88.9% | ZAC15.79 Billion | ZAC1.75 Billion | ZAC22.33 Billion | ▲ +0.3 pp |
| 2019 | 88.7% | ZAC15.41 Billion | ZAC1.74 Billion | ZAC22.18 Billion | ▼ -1.3 pp |
| 2018 | 90.0% | ZAC17.47 Billion | ZAC1.75 Billion | ZAC23.93 Billion | ▲ +0.7 pp |
| 2017 | 89.3% | ZAC17.06 Billion | ZAC1.82 Billion | ZAC23.98 Billion | ▲ +0.8 pp |
| 2016 | 88.5% | ZAC16.03 Billion | ZAC1.84 Billion | ZAC24.53 Billion | ▲ +3.0 pp |
| 2015 | 85.5% | ZAC13.78 Billion | ZAC1.99 Billion | ZAC24.85 Billion | ▲ +0.7 pp |
| 2014 | 84.8% | ZAC13.95 Billion | ZAC2.12 Billion | ZAC24.85 Billion | ▲ +1.0 pp |
| 2013 | 83.8% | ZAC13.91 Billion | ZAC2.25 Billion | ZAC25.22 Billion | ▼ -2.1 pp |
| 2012 | 85.9% | ZAC11.70 Billion | ZAC1.65 Billion | ZAC17.85 Billion | ▲ +0.2 pp |
| 2011 | 85.7% | ZAC10.25 Billion | ZAC1.46 Billion | ZAC16.20 Billion | ▼ -4.6 pp |
| 2010 | 90.4% | ZAC8.60 Billion | ZAC829.70 Million | ZAC12.98 Billion | ▼ -9.6 pp |
| 2009 | 100.0% | ZAC7.28 Billion | ZAC0.00 | ZAC11.69 Billion | ▲ +48.5 pp |
| 2008 | 51.5% | ZAC6.22 Billion | ZAC3.01 Billion | ZAC12.68 Billion | ▼ -2.0 pp |
| 2007 | 53.5% | ZAC6.00 Billion | ZAC2.79 Billion | ZAC12.02 Billion | ▲ +19.9 pp |
| 2006 | 33.6% | ZAC4.65 Billion | ZAC3.09 Billion | ZAC10.28 Billion | ▲ +7.4 pp |
| 2005 | 26.2% | ZAC3.37 Billion | ZAC2.49 Billion | ZAC9.17 Billion | ▲ +12.0 pp |
| 2004 | 14.2% | ZAC4.18 Billion | ZAC3.59 Billion | ZAC12.26 Billion | ▼ -85.8 pp |
| 2003 | 100.0% | ZAC3.47 Billion | ZAC0.00 | ZAC11.20 Billion | ▲ +0.0 pp |
| 2002 | 100.0% | ZAC2.85 Billion | ZAC0.00 | ZAC10.52 Billion | ▲ +0.0 pp |
| 2001 | 100.0% | ZAC1.81 Billion | ZAC0.00 | ZAC9.81 Billion | — |