AstraZeneca PLC (AZN) — Tangible Net Worth Ratio
AstraZeneca PLC (AZN) has a Tangible Net Worth Ratio of 22.3% as of December 2025. This metric is calculated by deducting intangible assets (GBX37.85 Billion) from net assets (GBX48.72 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 AstraZeneca PLC (AZN) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
AstraZeneca PLC Tangible Net Worth Ratio (1990–2025)
This chart shows how AstraZeneca PLC's Tangible Net Worth Ratio has changed across 36 annual periods from 1990 to 2025. As of December 2025, the ratio stands at 22.3%, reflecting net assets of GBX48.72 Billion with intangible assets of GBX37.85 Billion GBX. See AstraZeneca PLC defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for AstraZeneca PLC (1990–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for AstraZeneca PLC from 1990 to 2025, covering 36 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 market value of AstraZeneca PLC.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 22.3% | GBX48.72 Billion | GBX37.85 Billion | GBX114.07 Billion | ▲ +13.3 pp |
| 2024 | 9.0% | GBX40.87 Billion | GBX37.18 Billion | GBX104.03 Billion | ▲ +6.3 pp |
| 2023 | 2.7% | GBX39.17 Billion | GBX38.09 Billion | GBX101.12 Billion | ▲ +8.8 pp |
| 2022 | -6.1% | GBX37.06 Billion | GBX39.31 Billion | GBX96.48 Billion | ▲ +1.8 pp |
| 2021 | -7.9% | GBX39.29 Billion | GBX42.39 Billion | GBX105.36 Billion | ▲ +26.1 pp |
| 2020 | -33.9% | GBX15.64 Billion | GBX20.95 Billion | GBX66.73 Billion | ▲ +4.2 pp |
| 2019 | -38.1% | GBX14.60 Billion | GBX20.16 Billion | GBX61.38 Billion | ▲ +18.3 pp |
| 2018 | -56.4% | GBX14.04 Billion | GBX21.96 Billion | GBX60.65 Billion | ▲ +1.0 pp |
| 2017 | -57.4% | GBX16.64 Billion | GBX26.19 Billion | GBX63.35 Billion | ▲ +8.1 pp |
| 2016 | -65.5% | GBX16.67 Billion | GBX27.59 Billion | GBX62.53 Billion | ▼ -42.7 pp |
| 2015 | -22.8% | GBX18.44 Billion | GBX22.65 Billion | GBX60.06 Billion | ▼ -16.0 pp |
| 2014 | -6.8% | GBX19.65 Billion | GBX20.98 Billion | GBX58.59 Billion | ▼ -37.8 pp |
| 2013 | 31.0% | GBX23.25 Billion | GBX16.05 Billion | GBX55.90 Billion | ▼ -0.3 pp |
| 2012 | 31.3% | GBX23.95 Billion | GBX16.45 Billion | GBX53.53 Billion | ▼ -21.9 pp |
| 2011 | 53.2% | GBX23.47 Billion | GBX10.98 Billion | GBX52.83 Billion | ▲ +5.2 pp |
| 2010 | 48.1% | GBX23.41 Billion | GBX12.16 Billion | GBX56.13 Billion | ▲ +6.8 pp |
| 2009 | 41.3% | GBX20.82 Billion | GBX12.23 Billion | GBX54.92 Billion | ▲ +18.0 pp |
| 2008 | 23.3% | GBX16.06 Billion | GBX12.32 Billion | GBX46.95 Billion | ▲ +0.2 pp |
| 2007 | 23.1% | GBX14.91 Billion | GBX11.47 Billion | GBX47.96 Billion | ▼ -56.7 pp |
| 2006 | 79.8% | GBX15.42 Billion | GBX3.11 Billion | GBX29.93 Billion | ▼ -0.3 pp |
| 2005 | 80.2% | GBX13.69 Billion | GBX2.71 Billion | GBX24.84 Billion | ▲ +1.2 pp |
| 2004 | 79.0% | GBX14.50 Billion | GBX3.05 Billion | GBX25.65 Billion | ▲ +0.7 pp |
| 2003 | 78.2% | GBX13.26 Billion | GBX2.88 Billion | GBX23.57 Billion | ▲ +3.3 pp |
| 2002 | 75.0% | GBX11.22 Billion | GBX2.81 Billion | GBX21.58 Billion | ▲ +15.1 pp |
| 2001 | 59.9% | GBX9.63 Billion | GBX3.86 Billion | GBX18.50 Billion | ▼ -9.2 pp |
| 2000 | 69.1% | GBX9.55 Billion | GBX2.95 Billion | GBX18.45 Billion | ▲ +5.2 pp |
| 1999 | 63.9% | GBX10.35 Billion | GBX3.73 Billion | GBX19.82 Billion | ▼ -30.3 pp |
| 1998 | 94.2% | GBX10.98 Billion | GBX637.40 Million | GBX18.48 Billion | ▼ -2.1 pp |
| 1997 | 96.3% | GBX3.62 Billion | GBX133.90 Million | GBX8.28 Billion | ▼ -2.5 pp |
| 1996 | 98.8% | GBX3.66 Billion | GBX42.81 Million | GBX8.56 Billion | ▼ -0.3 pp |
| 1995 | 99.1% | GBX3.04 Billion | GBX27.81 Million | GBX7.87 Billion | ▲ +76.3 pp |
| 1994 | 22.8% | GBX2.73 Billion | GBX2.10 Billion | GBX7.32 Billion | ▲ +13.7 pp |
| 1993 | 9.0% | GBX2.32 Billion | GBX2.11 Billion | GBX7.42 Billion | ▼ -91.0 pp |
| 1992 | 100.0% | GBX169.87 Million | GBX0.00 | GBX6.19 Billion | ▲ +0.0 pp |
| 1991 | 100.0% | GBX916.88 Million | GBX0.00 | GBX6.36 Billion | ▲ +0.0 pp |
| 1990 | 100.0% | GBX682.84 Million | GBX0.00 | GBX6.10 Billion | — |