BAE Systems plc Tangible Net Worth Ratio
BAE Systems plc tangible net worth ratio. BAE Systems plc (BA) has a Tangible Net Worth Ratio of 78.9% as of December 2025. This metric is calculated by deducting intangible assets (GBX2.51 Billion) from net assets (GBX11.94 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. Check how strategically is BAE Systems plc's equity deployed to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of BAE Systems plc (1985–2025)
Tangible net worth ratio of BAE Systems plc from 1985 to 2025. This chart shows how BAE Systems plc's Tangible Net Worth Ratio has changed across 41 annual periods from 1985 to 2025. As of December 2025, the ratio stands at 78.9%, reflecting net assets of GBX11.94 Billion with intangible assets of GBX2.51 Billion GBX. See how liquid is BAE Systems plc's working capital to evaluate short-term liquidity relative to the company's equity base.
BAE Systems plc Tangible Net Worth Ratio by Year (1985–2025)
BAE Systems plc tangible net worth ratio by year from 1985 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for BAE Systems plc from 1985 to 2025, covering 41 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 live market cap and overall valuation, see BA market cap overview.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 78.9% | GBX11.94 Billion | GBX2.51 Billion | GBX37.68 Billion | ▲ +4.1 pp |
| 2024 | 74.8% | GBX11.78 Billion | GBX2.96 Billion | GBX38.14 Billion | ▼ -18.5 pp |
| 2023 | 93.4% | GBX10.72 Billion | GBX713.00 Million | GBX32.06 Billion | ▲ +95.3 pp |
| 2022 | -1.9% | GBX12.40 Billion | GBX12.64 Billion | GBX31.46 Billion | ▲ +36.3 pp |
| 2021 | -38.3% | GBX8.47 Billion | GBX11.72 Billion | GBX27.14 Billion | ▲ +71.5 pp |
| 2020 | -109.8% | GBX5.60 Billion | GBX11.74 Billion | GBX27.94 Billion | ▼ -38.0 pp |
| 2019 | -71.8% | GBX6.04 Billion | GBX10.37 Billion | GBX26.04 Billion | ▼ -164.9 pp |
| 2018 | 93.1% | GBX5.62 Billion | GBX387.00 Million | GBX24.75 Billion | ▲ +0.6 pp |
| 2017 | 92.6% | GBX4.75 Billion | GBX354.00 Million | GBX23.04 Billion | ▲ +1.8 pp |
| 2016 | 90.8% | GBX3.46 Billion | GBX320.00 Million | GBX22.98 Billion | ▼ 0.0 pp |
| 2015 | 90.8% | GBX3.00 Billion | GBX277.00 Million | GBX20.08 Billion | ▲ +7.8 pp |
| 2014 | 83.0% | GBX1.88 Billion | GBX319.00 Million | GBX19.79 Billion | ▼ -6.6 pp |
| 2013 | 89.6% | GBX3.42 Billion | GBX354.00 Million | GBX19.68 Billion | ▲ +4.5 pp |
| 2012 | 85.1% | GBX3.77 Billion | GBX562.00 Million | GBX22.27 Billion | ▲ +251.8 pp |
| 2011 | -166.7% | GBX4.30 Billion | GBX11.46 Billion | GBX23.10 Billion | ▼ -59.1 pp |
| 2010 | -107.6% | GBX5.40 Billion | GBX11.22 Billion | GBX24.03 Billion | ▲ +34.9 pp |
| 2009 | -142.5% | GBX4.66 Billion | GBX11.31 Billion | GBX25.49 Billion | ▼ -73.6 pp |
| 2008 | -68.8% | GBX7.29 Billion | GBX12.31 Billion | GBX25.68 Billion | ▼ -9.6 pp |
| 2007 | -59.3% | GBX6.00 Billion | GBX9.56 Billion | GBX20.26 Billion | ▲ +24.5 pp |
| 2006 | -83.7% | GBX4.13 Billion | GBX7.59 Billion | GBX18.15 Billion | ▲ +109.3 pp |
| 2005 | -193.0% | GBX2.80 Billion | GBX8.22 Billion | GBX20.23 Billion | ▼ -63.6 pp |
| 2004 | -129.5% | GBX2.67 Billion | GBX6.12 Billion | GBX16.26 Billion | ▼ -122.4 pp |
| 2003 | -7.0% | GBX5.61 Billion | GBX6.00 Billion | GBX15.36 Billion | ▲ +5.8 pp |
| 2002 | -12.9% | GBX5.68 Billion | GBX6.42 Billion | GBX15.59 Billion | ▼ -9.1 pp |
| 2001 | -3.8% | GBX6.66 Billion | GBX6.91 Billion | GBX17.21 Billion | ▼ -1.0 pp |
| 2000 | -2.8% | GBX7.08 Billion | GBX7.27 Billion | GBX17.38 Billion | ▼ -17.3 pp |
| 1999 | 14.5% | GBX7.45 Billion | GBX6.37 Billion | GBX17.43 Billion | ▼ -69.6 pp |
| 1998 | 84.1% | GBX2.03 Billion | GBX322.00 Million | GBX9.05 Billion | ▲ +103.4 pp |
| 1997 | -19.3% | GBX1.45 Billion | GBX1.73 Billion | GBX7.82 Billion | ▼ -12.2 pp |
| 1996 | -7.0% | GBX1.71 Billion | GBX1.83 Billion | GBX7.72 Billion | ▲ +110.1 pp |
| 1995 | -117.1% | GBX939.00 Million | GBX2.04 Billion | GBX7.64 Billion | ▼ -50.9 pp |
| 1994 | -66.2% | GBX856.00 Million | GBX1.42 Billion | GBX7.84 Billion | ▼ -44.0 pp |
| 1993 | -22.2% | GBX1.55 Billion | GBX1.89 Billion | GBX10.83 Billion | ▼ -20.8 pp |
| 1992 | -1.4% | GBX2.02 Billion | GBX2.05 Billion | GBX10.88 Billion | ▼ -45.1 pp |
| 1991 | 43.6% | GBX2.96 Billion | GBX1.67 Billion | GBX10.17 Billion | ▼ -10.2 pp |
| 1990 | 53.8% | GBX2.86 Billion | GBX1.32 Billion | GBX9.29 Billion | ▲ +6.9 pp |
| 1989 | 46.8% | GBX2.50 Billion | GBX1.33 Billion | GBX9.18 Billion | ▲ +1.0 pp |
| 1988 | 45.9% | GBX2.11 Billion | GBX1.14 Billion | GBX6.49 Billion | ▲ +26.2 pp |
| 1987 | 19.7% | GBX1.02 Billion | GBX818.00 Million | GBX4.33 Billion | ▼ -38.8 pp |
| 1986 | 58.6% | GBX1.22 Billion | GBX505.80 Million | GBX3.28 Billion | ▼ -3.5 pp |
| 1985 | 62.0% | GBX1.19 Billion | GBX450.30 Million | GBX2.74 Billion | — |