Northcoders Group PLC (CODE) — Tangible Net Worth Ratio
Northcoders Group PLC (CODE) has a Tangible Net Worth Ratio of 95.7% as of December 2025. This metric is calculated by deducting intangible assets (GBX99.53K) from net assets (GBX2.32 Million) 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. Also explore CODE year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Northcoders Group PLC Tangible Net Worth Ratio (2018–2025)
This chart shows how Northcoders Group PLC's Tangible Net Worth Ratio has changed across 7 annual periods from 2018 to 2025. As of December 2025, the ratio stands at 95.7%, reflecting net assets of GBX2.32 Million with intangible assets of GBX99.53K GBX. For live market cap and overall valuation, see how much is Northcoders Group PLC worth.
Annual Tangible Net Worth Ratio for Northcoders Group PLC (2018–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Northcoders Group PLC from 2018 to 2025, covering 7 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. Explore how much does Northcoders Group PLC reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 95.7% | GBX2.32 Million | GBX99.53K | GBX4.10 Million | ▲ +34.4 pp |
| 2024 | 61.3% | GBX5.31 Million | GBX2.05 Million | GBX6.99 Million | ▼ -2.4 pp |
| 2023 | 63.7% | GBX4.82 Million | GBX1.75 Million | GBX7.26 Million | ▼ -17.5 pp |
| 2022 | 81.2% | GBX4.64 Million | GBX871.85K | GBX7.34 Million | ▲ +4.2 pp |
| 2021 | 77.0% | GBX2.15 Million | GBX495.07K | GBX4.40 Million | ▲ +11.6 pp |
| 2019 | 65.4% | GBX400.06K | GBX138.52K | GBX1.37 Million | ▲ +56.6 pp |
| 2018 | 8.7% | GBX93.43K | GBX85.26K | GBX891.32K | — |