The European Smaller Companies Trust PLC (ESCT) — Tangible Net Worth Ratio
The European Smaller Companies Trust PLC (ESCT) has a Tangible Net Worth Ratio of 100.0% as of December 2025. This metric is calculated by deducting intangible assets (GBX0.00) from net assets (GBX839.62 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. See working capital to net assets of The European Smaller Companies Trust PLC to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
The European Smaller Companies Trust PLC Tangible Net Worth Ratio (2004–2025)
This chart shows how The European Smaller Companies Trust PLC's Tangible Net Worth Ratio has changed across 22 annual periods from 2004 to 2025. As of December 2025, the ratio stands at 100.0%, reflecting net assets of GBX839.62 Million with intangible assets of GBX0.00 GBX. See ESCT defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for The European Smaller Companies Trust PLC (2004–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for The European Smaller Companies Trust PLC 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 The European Smaller Companies Trust PLC stock valuation.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 100.0% | GBX510.68 Million | GBX0.00 | GBX524.04 Million | ▲ +0.0 pp |
| 2024 | 100.0% | GBX798.59 Million | GBX0.00 | GBX891.66 Million | ▲ +0.0 pp |
| 2023 | 100.0% | GBX738.64 Million | GBX0.00 | GBX843.07 Million | ▲ +0.0 pp |
| 2022 | 100.0% | GBX652.46 Million | GBX0.00 | GBX732.44 Million | ▲ +0.0 pp |
| 2021 | 100.0% | GBX840.67 Million | GBX0.00 | GBX936.91 Million | ▲ +0.0 pp |
| 2020 | 100.0% | GBX523.37 Million | GBX0.00 | GBX577.60 Million | ▲ +0.0 pp |
| 2019 | 100.0% | GBX521.02 Million | GBX0.00 | GBX585.02 Million | ▲ +0.0 pp |
| 2018 | 100.0% | GBX574.59 Million | GBX0.00 | GBX628.35 Million | ▲ +0.0 pp |
| 2017 | 100.0% | GBX569.46 Million | GBX0.00 | GBX625.00 Million | ▲ +0.0 pp |
| 2016 | 100.0% | GBX377.68 Million | GBX0.00 | GBX414.89 Million | ▲ +0.0 pp |
| 2015 | 100.0% | GBX337.64 Million | GBX0.00 | GBX382.20 Million | ▲ +0.0 pp |
| 2014 | 100.0% | GBX325.68 Million | GBX0.00 | GBX377.20 Million | ▲ +0.0 pp |
| 2013 | 100.0% | GBX246.12 Million | GBX0.00 | GBX282.76 Million | ▲ +0.0 pp |
| 2012 | 100.0% | GBX185.01 Million | GBX0.00 | GBX204.57 Million | ▲ +0.0 pp |
| 2011 | 100.0% | GBX264.41 Million | GBX0.00 | GBX273.73 Million | ▲ +0.0 pp |
| 2010 | 100.0% | GBX199.48 Million | GBX0.00 | GBX204.33 Million | ▲ +0.0 pp |
| 2009 | 100.0% | GBX215.40 Million | GBX0.00 | GBX219.49 Million | ▲ +0.0 pp |
| 2008 | 100.0% | GBX331.85 Million | GBX0.00 | GBX352.81 Million | ▲ +0.0 pp |
| 2007 | 100.0% | GBX460.08 Million | GBX0.00 | GBX492.96 Million | ▲ +0.0 pp |
| 2006 | 100.0% | GBX365.43 Million | GBX0.00 | GBX376.15 Million | ▲ +0.0 pp |
| 2005 | 100.0% | GBX294.87 Million | GBX0.00 | GBX314.06 Million | ▲ +0.0 pp |
| 2004 | 100.0% | GBX339.99 Million | GBX0.00 | GBX345.05 Million | — |