Imperial Brands PLC (IMB) — Tangible Net Worth Ratio
Imperial Brands PLC (IMB) has a Tangible Net Worth Ratio of 24.5% as of September 2025. This metric is calculated by deducting intangible assets (GBX4.10 Billion) from net assets (GBX5.43 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 how liquid is Imperial Brands PLC's working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Imperial Brands PLC Tangible Net Worth Ratio (1991–2025)
This chart shows how Imperial Brands PLC's Tangible Net Worth Ratio has changed across 29 annual periods from 1991 to 2025. As of September 2025, the ratio stands at 24.5%, reflecting net assets of GBX5.43 Billion with intangible assets of GBX4.10 Billion GBX. See IMB defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Imperial Brands PLC (1991–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Imperial Brands PLC from 1991 to 2025, covering 29 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 IMB market cap.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 24.5% | GBX5.43 Billion | GBX4.10 Billion | GBX28.71 Billion | ▼ -5.0 pp |
| 2024 | 29.4% | GBX6.03 Billion | GBX4.25 Billion | GBX27.83 Billion | ▲ +0.4 pp |
| 2023 | 29.0% | GBX6.64 Billion | GBX4.71 Billion | GBX29.49 Billion | ▲ +166.9 pp |
| 2022 | -137.9% | GBX7.47 Billion | GBX17.78 Billion | GBX30.96 Billion | ▲ +42.8 pp |
| 2021 | -180.7% | GBX5.94 Billion | GBX16.67 Billion | GBX29.09 Billion | ▲ +48.4 pp |
| 2020 | -229.1% | GBX5.52 Billion | GBX18.16 Billion | GBX32.31 Billion | ▼ -217.9 pp |
| 2019 | -11.2% | GBX5.58 Billion | GBX6.21 Billion | GBX33.07 Billion | ▼ -8.0 pp |
| 2018 | -3.2% | GBX6.45 Billion | GBX6.65 Billion | GBX30.85 Billion | ▲ +17.2 pp |
| 2017 | -20.4% | GBX6.23 Billion | GBX7.50 Billion | GBX30.99 Billion | ▲ +29.4 pp |
| 2016 | -49.9% | GBX5.74 Billion | GBX8.61 Billion | GBX32.73 Billion | ▼ -4.0 pp |
| 2015 | -45.9% | GBX5.70 Billion | GBX8.31 Billion | GBX30.13 Billion | ▼ -53.5 pp |
| 2014 | 7.7% | GBX5.46 Billion | GBX5.04 Billion | GBX25.89 Billion | ▲ +17.0 pp |
| 2013 | -9.3% | GBX5.65 Billion | GBX6.17 Billion | GBX28.42 Billion | ▼ -0.2 pp |
| 2012 | -9.1% | GBX6.08 Billion | GBX6.64 Billion | GBX27.64 Billion | ▲ +156.6 pp |
| 2011 | -165.7% | GBX7.71 Billion | GBX20.49 Billion | GBX30.57 Billion | ▲ +29.7 pp |
| 2010 | -195.4% | GBX7.09 Billion | GBX20.94 Billion | GBX30.61 Billion | ▲ +43.6 pp |
| 2009 | -239.0% | GBX6.59 Billion | GBX22.36 Billion | GBX32.01 Billion | ▼ -27.2 pp |
| 2008 | -211.8% | GBX6.36 Billion | GBX19.82 Billion | GBX29.24 Billion | ▲ +122.0 pp |
| 2007 | -333.8% | GBX1.14 Billion | GBX4.95 Billion | GBX9.01 Billion | ▲ +220.0 pp |
| 2006 | -553.8% | GBX598.00 Million | GBX3.91 Billion | GBX7.14 Billion | ▼ -149.7 pp |
| 2005 | -404.1% | GBX705.00 Million | GBX3.55 Billion | GBX6.70 Billion | ▲ +2104.0 pp |
| 2004 | -2508.1% | GBX136.00 Million | GBX3.55 Billion | GBX6.43 Billion | ▲ +3844.5 pp |
| 2003 | -6352.5% | GBX59.00 Million | GBX3.81 Billion | GBX6.93 Billion | ▼ -6452.5 pp |
| 1996 | 100.0% | GBX612.00 Million | GBX0.00 | GBX1.13 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | GBX425.00 Million | GBX0.00 | GBX2.77 Billion | ▲ +0.0 pp |
| 1994 | 100.0% | GBX115.00 Million | GBX0.00 | GBX2.38 Billion | ▲ +0.0 pp |
| 1993 | 100.0% | GBX278.00 Million | GBX0.00 | GBX2.05 Billion | ▲ +0.0 pp |
| 1992 | 100.0% | GBX144.00 Million | GBX0.00 | GBX1.88 Billion | ▲ +0.0 pp |
| 1991 | 100.0% | GBX118.00 Million | GBX0.00 | GBX1.58 Billion | — |