Tsogo Sun (TSG) — Tangible Net Worth Ratio
Tsogo Sun (TSG) has a Tangible Net Worth Ratio of 47.6% as of September 2025. This metric is calculated by deducting intangible assets (ZAC2.91 Billion) from net assets (ZAC5.56 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 working capital to net assets of Tsogo Sun to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tsogo Sun Tangible Net Worth Ratio (2004–2025)
This chart shows how Tsogo Sun's Tangible Net Worth Ratio has changed across 22 annual periods from 2004 to 2025. As of September 2025, the ratio stands at 47.6%, reflecting net assets of ZAC5.56 Billion with intangible assets of ZAC2.91 Billion ZAC. See how many days can Tsogo Sun fund operations to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Tsogo Sun (2004–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Tsogo Sun from 2004 to 2025, covering 22 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 Tsogo Sun market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (ZAC) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 43.9% | ZAC5.17 Billion | ZAC2.90 Billion | ZAC15.25 Billion | ▲ +7.6 pp |
| 2024 | 36.4% | ZAC4.87 Billion | ZAC3.10 Billion | ZAC15.77 Billion | ▲ +8.8 pp |
| 2023 | 27.5% | ZAC4.61 Billion | ZAC3.34 Billion | ZAC15.99 Billion | ▲ +24.8 pp |
| 2022 | 2.7% | ZAC3.27 Billion | ZAC3.18 Billion | ZAC15.78 Billion | ▲ +86.0 pp |
| 2021 | -83.3% | ZAC1.58 Billion | ZAC2.90 Billion | ZAC15.68 Billion | ▼ -41.1 pp |
| 2020 | -42.2% | ZAC1.96 Billion | ZAC2.78 Billion | ZAC19.00 Billion | ▼ -109.8 pp |
| 2019 | 67.6% | ZAC13.54 Billion | ZAC4.38 Billion | ZAC35.08 Billion | ▼ -1.5 pp |
| 2018 | 69.2% | ZAC14.19 Billion | ZAC4.37 Billion | ZAC33.78 Billion | ▲ +2.3 pp |
| 2017 | 66.8% | ZAC13.46 Billion | ZAC4.46 Billion | ZAC32.53 Billion | ▲ +16.9 pp |
| 2016 | 50.0% | ZAC8.95 Billion | ZAC4.48 Billion | ZAC25.64 Billion | ▲ +8.4 pp |
| 2015 | 41.6% | ZAC7.69 Billion | ZAC4.49 Billion | ZAC24.63 Billion | ▼ -17.0 pp |
| 2014 | 58.6% | ZAC10.52 Billion | ZAC4.36 Billion | ZAC20.41 Billion | ▲ +5.0 pp |
| 2013 | 53.5% | ZAC9.12 Billion | ZAC4.24 Billion | ZAC17.43 Billion | ▲ +3.6 pp |
| 2012 | 49.9% | ZAC8.45 Billion | ZAC4.23 Billion | ZAC17.38 Billion | ▲ +3.1 pp |
| 2011 | 46.8% | ZAC7.94 Billion | ZAC4.22 Billion | ZAC16.29 Billion | ▼ -49.1 pp |
| 2010 | 95.9% | ZAC3.41 Billion | ZAC140.26 Million | ZAC10.10 Billion | ▲ +44.2 pp |
| 2009 | 51.6% | ZAC2.45 Billion | ZAC1.19 Billion | ZAC4.42 Billion | ▲ +4.2 pp |
| 2008 | 47.4% | ZAC2.46 Billion | ZAC1.29 Billion | ZAC4.21 Billion | ▼ -11.1 pp |
| 2007 | 58.5% | ZAC1.39 Billion | ZAC574.43 Million | ZAC2.21 Billion | ▼ -21.0 pp |
| 2006 | 79.5% | ZAC1.14 Billion | ZAC233.63 Million | ZAC1.40 Billion | ▲ +1.3 pp |
| 2005 | 78.2% | ZAC975.58 Million | ZAC212.88 Million | ZAC1.31 Billion | ▲ +5.7 pp |
| 2004 | 72.5% | ZAC816.47 Million | ZAC224.77 Million | ZAC1.24 Billion | — |