Glencore PLC (GLEN) — Tangible Net Worth Ratio
Glencore PLC (GLEN) has a Tangible Net Worth Ratio of 97.2% as of June 2025. This metric is calculated by deducting intangible assets (GBX907.00 Million) from net assets (GBX32.79 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 Glencore PLC (GLEN) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Glencore PLC Tangible Net Worth Ratio (2005–2024)
This chart shows how Glencore PLC's Tangible Net Worth Ratio has changed across 20 annual periods from 2005 to 2024. As of June 2025, the ratio stands at 97.2%, reflecting net assets of GBX32.79 Billion with intangible assets of GBX907.00 Million GBX. See how many days can Glencore PLC fund operations to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Glencore PLC (2005–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Glencore PLC from 2005 to 2024, covering 20 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 GLEN market cap overview.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 97.0% | GBX35.66 Billion | GBX1.08 Billion | GBX130.46 Billion | ▼ -0.4 pp |
| 2023 | 97.4% | GBX38.24 Billion | GBX1.00 Billion | GBX123.87 Billion | ▲ +0.3 pp |
| 2022 | 97.1% | GBX45.22 Billion | GBX1.31 Billion | GBX132.58 Billion | ▲ +0.9 pp |
| 2021 | 96.2% | GBX36.92 Billion | GBX1.39 Billion | GBX127.51 Billion | ▲ +0.9 pp |
| 2020 | 95.3% | GBX34.40 Billion | GBX1.62 Billion | GBX118.00 Billion | ▲ +0.4 pp |
| 2019 | 94.9% | GBX39.24 Billion | GBX2.01 Billion | GBX124.08 Billion | ▼ -0.9 pp |
| 2018 | 95.8% | GBX45.38 Billion | GBX1.92 Billion | GBX128.67 Billion | ▼ -0.7 pp |
| 2017 | 96.5% | GBX49.45 Billion | GBX1.74 Billion | GBX135.59 Billion | ▲ +0.3 pp |
| 2016 | 96.2% | GBX43.78 Billion | GBX1.67 Billion | GBX124.60 Billion | ▲ +0.2 pp |
| 2015 | 96.0% | GBX41.34 Billion | GBX1.64 Billion | GBX128.49 Billion | ▲ +1.6 pp |
| 2014 | 94.4% | GBX51.48 Billion | GBX2.87 Billion | GBX152.21 Billion | ▲ +0.2 pp |
| 2013 | 94.3% | GBX53.15 Billion | GBX3.06 Billion | GBX154.93 Billion | ▼ -2.1 pp |
| 2012 | 96.4% | GBX34.30 Billion | GBX1.24 Billion | GBX105.54 Billion | ▼ -3.0 pp |
| 2011 | 99.4% | GBX32.33 Billion | GBX210.00 Million | GBX86.16 Billion | ▼ -0.6 pp |
| 2010 | 100.0% | GBX22.51 Billion | GBX0.00 | GBX79.79 Billion | ▲ +33.6 pp |
| 2009 | 66.4% | GBX17.94 Billion | GBX6.03 Billion | GBX66.28 Billion | ▼ -33.6 pp |
| 2008 | 100.0% | GBX16.31 Billion | GBX0.00 | GBX61.31 Billion | ▲ +0.0 pp |
| 2007 | 100.0% | GBX16.57 Billion | GBX0.00 | GBX59.95 Billion | ▲ +0.0 pp |
| 2006 | 100.0% | GBX11.67 Billion | GBX0.00 | GBX47.07 Billion | ▲ +0.0 pp |
| 2005 | 100.0% | GBX6.80 Billion | GBX0.00 | GBX32.38 Billion | — |