PZ Cussons PLC (PZC) — Tangible Net Worth Ratio
PZ Cussons PLC (PZC) has a Tangible Net Worth Ratio of -8.3% as of November 2025. This metric is calculated by deducting intangible assets (GBX253.20 Million) from net assets (GBX233.80 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 PZ Cussons PLC current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
PZ Cussons PLC Tangible Net Worth Ratio (1986–2025)
This chart shows how PZ Cussons PLC's Tangible Net Worth Ratio has changed across 40 annual periods from 1986 to 2025. As of November 2025, the ratio stands at -8.3%, reflecting net assets of GBX233.80 Million with intangible assets of GBX253.20 Million GBX. See PZC defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for PZ Cussons PLC (1986–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for PZ Cussons PLC from 1986 to 2025, covering 40 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 PZC stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -9.8% | GBX213.50 Million | GBX234.50 Million | GBX615.20 Million | ▼ -14.3 pp |
| 2024 | 4.5% | GBX235.20 Million | GBX224.60 Million | GBX649.60 Million | ▼ -21.4 pp |
| 2023 | 25.9% | GBX422.10 Million | GBX312.70 Million | GBX988.40 Million | ▲ +0.3 pp |
| 2022 | 25.6% | GBX448.90 Million | GBX333.90 Million | GBX941.90 Million | ▲ +3.4 pp |
| 2021 | 22.2% | GBX371.50 Million | GBX288.90 Million | GBX780.50 Million | ▼ -5.5 pp |
| 2020 | 27.7% | GBX421.20 Million | GBX304.40 Million | GBX855.00 Million | ▼ -1.8 pp |
| 2019 | 29.5% | GBX451.30 Million | GBX318.20 Million | GBX946.90 Million | ▲ +2.1 pp |
| 2018 | 27.4% | GBX463.90 Million | GBX336.60 Million | GBX1.01 Billion | ▼ -2.2 pp |
| 2017 | 29.7% | GBX483.90 Million | GBX340.30 Million | GBX1.12 Billion | ▼ -16.8 pp |
| 2016 | 46.4% | GBX549.90 Million | GBX294.60 Million | GBX1.17 Billion | ▲ +5.7 pp |
| 2015 | 40.8% | GBX497.00 Million | GBX294.40 Million | GBX1.09 Billion | ▼ -14.1 pp |
| 2014 | 54.9% | GBX536.40 Million | GBX241.90 Million | GBX1.00 Billion | ▼ -8.0 pp |
| 2013 | 62.9% | GBX546.30 Million | GBX202.90 Million | GBX1.01 Billion | ▲ +1.9 pp |
| 2012 | 61.0% | GBX519.50 Million | GBX202.60 Million | GBX930.50 Million | ▼ -3.8 pp |
| 2011 | 64.8% | GBX535.10 Million | GBX188.10 Million | GBX938.50 Million | ▼ -10.6 pp |
| 2010 | 75.4% | GBX522.10 Million | GBX128.30 Million | GBX867.10 Million | ▲ +3.6 pp |
| 2009 | 71.8% | GBX449.80 Million | GBX126.80 Million | GBX753.80 Million | ▲ +2.1 pp |
| 2008 | 69.7% | GBX405.90 Million | GBX122.90 Million | GBX704.70 Million | ▼ -15.2 pp |
| 2007 | 84.9% | GBX359.40 Million | GBX54.20 Million | GBX540.80 Million | ▲ +0.9 pp |
| 2006 | 84.0% | GBX338.40 Million | GBX54.00 Million | GBX520.30 Million | ▲ +0.5 pp |
| 2005 | 83.5% | GBX328.00 Million | GBX54.10 Million | GBX500.10 Million | ▼ -13.3 pp |
| 2004 | 96.8% | GBX305.85 Million | GBX9.73 Million | GBX434.26 Million | ▼ -0.1 pp |
| 2003 | 96.9% | GBX289.28 Million | GBX8.94 Million | GBX435.59 Million | ▼ -3.5 pp |
| 2002 | 100.5% | GBX304.84 Million | GBX-1.40 Million | GBX453.14 Million | ▼ -0.2 pp |
| 2001 | 100.7% | GBX303.88 Million | GBX-2.01 Million | GBX457.31 Million | ▲ +0.8 pp |
| 2000 | 99.8% | GBX302.45 Million | GBX539.00K | GBX442.65 Million | ▼ -0.1 pp |
| 1999 | 99.9% | GBX248.71 Million | GBX299.00K | GBX385.19 Million | ▲ +26.8 pp |
| 1998 | 73.0% | GBX222.17 Million | GBX59.91 Million | GBX384.07 Million | ▼ -5.2 pp |
| 1997 | 78.2% | GBX229.52 Million | GBX49.99 Million | GBX371.53 Million | ▲ +1.4 pp |
| 1996 | 76.8% | GBX240.08 Million | GBX55.69 Million | GBX395.16 Million | ▼ -1.6 pp |
| 1995 | 78.4% | GBX222.86 Million | GBX48.12 Million | GBX367.06 Million | ▼ -4.5 pp |
| 1994 | 82.9% | GBX234.40 Million | GBX40.16 Million | GBX376.34 Million | ▼ -0.4 pp |
| 1993 | 83.3% | GBX206.40 Million | GBX34.46 Million | GBX327.19 Million | ▲ +0.2 pp |
| 1992 | 83.1% | GBX189.90 Million | GBX32.01 Million | GBX309.07 Million | ▲ +2.4 pp |
| 1991 | 80.7% | GBX194.01 Million | GBX37.35 Million | GBX308.64 Million | ▼ -1.2 pp |
| 1990 | 81.9% | GBX191.59 Million | GBX34.59 Million | GBX309.24 Million | ▲ +0.7 pp |
| 1989 | 81.2% | GBX186.56 Million | GBX35.06 Million | GBX300.65 Million | ▲ +4.8 pp |
| 1988 | 76.4% | GBX149.47 Million | GBX35.29 Million | GBX258.51 Million | ▲ +5.2 pp |
| 1987 | 71.2% | GBX141.73 Million | GBX40.88 Million | GBX257.86 Million | ▲ +5.8 pp |
| 1986 | 65.3% | GBX125.35 Million | GBX43.45 Million | GBX251.81 Million | — |