Anglo American PLC (AAL) — Tangible Net Worth Ratio
Anglo American PLC (AAL) has a Tangible Net Worth Ratio of 98.4% as of December 2025. This metric is calculated by deducting intangible assets (GBX380.14 Million) from net assets (GBX24.13 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 Anglo American PLC working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Anglo American PLC Tangible Net Worth Ratio (1998–2025)
This chart shows how Anglo American PLC's Tangible Net Worth Ratio has changed across 28 annual periods from 1998 to 2025. As of December 2025, the ratio stands at 98.4%, reflecting net assets of GBX24.13 Billion with intangible assets of GBX380.14 Million GBX. See Anglo American PLC liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Anglo American PLC (1998–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Anglo American PLC from 1998 to 2025, covering 28 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 AAL stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 98.4% | GBX24.13 Billion | GBX380.14 Million | GBX56.01 Billion | ▲ +1.0 pp |
| 2024 | 97.5% | GBX28.53 Billion | GBX721.00 Million | GBX64.87 Billion | ▲ +1.3 pp |
| 2023 | 96.2% | GBX31.62 Billion | GBX1.21 Billion | GBX66.54 Billion | ▼ -0.4 pp |
| 2022 | 96.6% | GBX34.02 Billion | GBX1.16 Billion | GBX67.41 Billion | ▼ -0.2 pp |
| 2021 | 96.8% | GBX34.77 Billion | GBX1.12 Billion | GBX65.98 Billion | ▲ +0.2 pp |
| 2020 | 96.5% | GBX32.77 Billion | GBX1.14 Billion | GBX62.53 Billion | ▲ +0.0 pp |
| 2019 | 96.5% | GBX31.39 Billion | GBX1.10 Billion | GBX56.15 Billion | ▲ +0.2 pp |
| 2018 | 96.3% | GBX29.83 Billion | GBX1.11 Billion | GBX52.20 Billion | ▲ +0.4 pp |
| 2017 | 95.8% | GBX28.88 Billion | GBX1.20 Billion | GBX54.56 Billion | ▲ +0.8 pp |
| 2016 | 95.1% | GBX24.32 Billion | GBX1.20 Billion | GBX50.15 Billion | ▲ +0.8 pp |
| 2015 | 94.3% | GBX21.34 Billion | GBX1.22 Billion | GBX52.01 Billion | ▼ -1.5 pp |
| 2014 | 95.8% | GBX32.18 Billion | GBX1.36 Billion | GBX66.01 Billion | ▼ -0.4 pp |
| 2013 | 96.2% | GBX37.36 Billion | GBX1.42 Billion | GBX71.17 Billion | ▼ -0.1 pp |
| 2012 | 96.3% | GBX43.79 Billion | GBX1.62 Billion | GBX79.37 Billion | ▲ +1.7 pp |
| 2011 | 94.6% | GBX43.19 Billion | GBX2.32 Billion | GBX72.44 Billion | ▲ +0.7 pp |
| 2010 | 93.9% | GBX37.97 Billion | GBX2.32 Billion | GBX66.66 Billion | ▲ +3.8 pp |
| 2009 | 90.1% | GBX28.07 Billion | GBX2.78 Billion | GBX56.31 Billion | ▲ +3.9 pp |
| 2008 | 86.2% | GBX21.76 Billion | GBX3.01 Billion | GBX49.74 Billion | ▼ -7.4 pp |
| 2007 | 93.6% | GBX24.33 Billion | GBX1.56 Billion | GBX44.76 Billion | ▲ +1.5 pp |
| 2006 | 92.1% | GBX27.13 Billion | GBX2.13 Billion | GBX46.48 Billion | ▲ +1.5 pp |
| 2005 | 90.7% | GBX27.58 Billion | GBX2.57 Billion | GBX51.89 Billion | ▲ +0.2 pp |
| 2004 | 90.5% | GBX27.71 Billion | GBX2.64 Billion | GBX53.45 Billion | ▲ +0.2 pp |
| 2003 | 90.2% | GBX23.17 Billion | GBX2.27 Billion | GBX43.10 Billion | ▲ +2.7 pp |
| 2002 | 87.6% | GBX18.57 Billion | GBX2.31 Billion | GBX33.60 Billion | ▲ +2.1 pp |
| 2001 | 85.5% | GBX14.46 Billion | GBX2.10 Billion | GBX25.53 Billion | ▼ -1.0 pp |
| 2000 | 86.5% | GBX18.19 Billion | GBX2.46 Billion | GBX30.62 Billion | ▼ -5.2 pp |
| 1999 | 91.7% | GBX19.12 Billion | GBX1.58 Billion | GBX26.60 Billion | ▼ -0.5 pp |
| 1998 | 92.2% | GBX17.72 Billion | GBX1.38 Billion | GBX26.05 Billion | — |