Metals Exploration Plc (MTL) — Tangible Net Worth Ratio
Metals Exploration Plc (MTL) has a Tangible Net Worth Ratio of 94.5% as of December 2025. This metric is calculated by deducting intangible assets (GBX13.84 Million) from net assets (GBX252.88 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 how fast is Metals Exploration Plc growing its equity to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Metals Exploration Plc Tangible Net Worth Ratio (2005–2025)
This chart shows how Metals Exploration Plc's Tangible Net Worth Ratio has changed across 19 annual periods from 2005 to 2025. As of December 2025, the ratio stands at 94.5%, reflecting net assets of GBX252.88 Million with intangible assets of GBX13.84 Million GBX. For live market cap and overall valuation, see Metals Exploration Plc market capitalisation.
Annual Tangible Net Worth Ratio for Metals Exploration Plc (2005–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Metals Exploration Plc from 2005 to 2025, covering 19 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 Metals Exploration Plc capital reinvestment ratio 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 | 94.5% | GBX252.88 Million | GBX13.84 Million | GBX323.27 Million | ▼ -5.2 pp |
| 2024 | 99.7% | GBX133.55 Million | GBX383.31K | GBX174.29 Million | ▼ -0.3 pp |
| 2023 | 100.0% | GBX133.93 Million | GBX7.66K | GBX181.48 Million | ▲ +0.2 pp |
| 2022 | 99.8% | GBX17.76 Million | GBX33.05K | GBX120.61 Million | ▲ +0.6 pp |
| 2021 | 99.3% | GBX9.52 Million | GBX70.12K | GBX129.65 Million | ▲ +7.9 pp |
| 2017 | 91.3% | GBX111.54 Million | GBX9.67 Million | GBX194.70 Million | ▼ -0.9 pp |
| 2016 | 92.3% | GBX133.40 Million | GBX10.30 Million | GBX214.51 Million | ▼ -1.1 pp |
| 2015 | 93.4% | GBX112.21 Million | GBX7.46 Million | GBX182.44 Million | ▲ +0.3 pp |
| 2014 | 93.1% | GBX104.34 Million | GBX7.23 Million | GBX138.55 Million | ▼ -0.5 pp |
| 2013 | 93.6% | GBX107.91 Million | GBX6.93 Million | GBX110.24 Million | ▲ +1.8 pp |
| 2012 | 91.8% | GBX84.17 Million | GBX6.88 Million | GBX86.74 Million | ▼ -0.5 pp |
| 2011 | 92.4% | GBX69.23 Million | GBX5.28 Million | GBX70.54 Million | ▲ +108.3 pp |
| 2010 | -16.0% | GBX21.39 Million | GBX24.81 Million | GBX28.20 Million | ▼ -40.0 pp |
| 2009 | 24.1% | GBX24.90 Million | GBX18.90 Million | GBX27.67 Million | ▲ +19.1 pp |
| 2008 | 5.0% | GBX11.17 Million | GBX10.61 Million | GBX13.11 Million | ▼ -5.9 pp |
| 2008 | 10.9% | GBX11.18 Million | GBX9.97 Million | GBX13.62 Million | ▼ -29.2 pp |
| 2007 | 40.0% | GBX9.63 Million | GBX5.78 Million | GBX12.14 Million | ▼ -4.8 pp |
| 2006 | 44.8% | GBX2.34 Million | GBX1.29 Million | GBX2.57 Million | ▲ +6.2 pp |
| 2005 | 38.6% | GBX2.59 Million | GBX1.59 Million | GBX2.78 Million | — |