Smiths Group PLC (SMIN) — Tangible Net Worth Ratio
Smiths Group PLC (SMIN) has a Tangible Net Worth Ratio of 90.7% as of July 2025. This metric is calculated by deducting intangible assets (GBX192.00 Million) from net assets (GBX2.06 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 Smiths Group PLC working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Smiths Group PLC Tangible Net Worth Ratio (1986–2025)
This chart shows how Smiths Group PLC's Tangible Net Worth Ratio has changed across 40 annual periods from 1986 to 2025. As of July 2025, the ratio stands at 90.7%, reflecting net assets of GBX2.06 Billion with intangible assets of GBX192.00 Million GBX. See Smiths Group PLC liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Smiths Group PLC (1986–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Smiths Group 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 Smiths Group PLC market capitalisation.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 90.7% | GBX2.06 Billion | GBX192.00 Million | GBX4.01 Billion | ▲ +4.4 pp |
| 2024 | 86.3% | GBX2.25 Billion | GBX309.00 Million | GBX4.23 Billion | ▼ -0.8 pp |
| 2023 | 87.0% | GBX2.41 Billion | GBX312.00 Million | GBX4.36 Billion | ▼ -0.3 pp |
| 2022 | 87.4% | GBX2.72 Billion | GBX344.00 Million | GBX5.22 Billion | ▲ +1.8 pp |
| 2021 | 85.6% | GBX2.42 Billion | GBX350.00 Million | GBX5.34 Billion | ▲ +1.1 pp |
| 2020 | 84.5% | GBX2.39 Billion | GBX372.00 Million | GBX5.41 Billion | ▲ +2.9 pp |
| 2019 | 81.6% | GBX2.38 Billion | GBX438.00 Million | GBX5.32 Billion | ▲ +1.1 pp |
| 2018 | 80.6% | GBX2.29 Billion | GBX445.00 Million | GBX5.17 Billion | ▲ +1.7 pp |
| 2017 | 78.8% | GBX2.10 Billion | GBX445.00 Million | GBX5.16 Billion | ▼ -7.6 pp |
| 2016 | 86.4% | GBX1.66 Billion | GBX225.00 Million | GBX4.47 Billion | ▲ +1.3 pp |
| 2015 | 85.2% | GBX1.43 Billion | GBX212.00 Million | GBX3.98 Billion | ▲ +4.0 pp |
| 2014 | 81.1% | GBX1.25 Billion | GBX235.00 Million | GBX3.56 Billion | ▲ +0.6 pp |
| 2013 | 80.5% | GBX1.49 Billion | GBX291.30 Million | GBX4.07 Billion | ▲ +13.4 pp |
| 2012 | 67.1% | GBX980.80 Million | GBX322.70 Million | GBX3.61 Billion | ▼ -16.9 pp |
| 2011 | 84.0% | GBX1.38 Billion | GBX220.50 Million | GBX3.63 Billion | ▲ +7.6 pp |
| 2010 | 76.4% | GBX1.10 Billion | GBX259.10 Million | GBX3.46 Billion | ▲ +3.5 pp |
| 2009 | 72.9% | GBX862.80 Million | GBX233.80 Million | GBX3.18 Billion | ▼ -7.3 pp |
| 2008 | 80.2% | GBX918.20 Million | GBX181.40 Million | GBX2.93 Billion | ▼ -8.7 pp |
| 2007 | 88.9% | GBX903.30 Million | GBX100.00 Million | GBX2.78 Billion | ▲ +19.9 pp |
| 2006 | 69.0% | GBX1.36 Billion | GBX422.70 Million | GBX3.77 Billion | ▼ -8.8 pp |
| 2005 | 77.8% | GBX1.48 Billion | GBX329.10 Million | GBX3.94 Billion | ▲ +34.5 pp |
| 2004 | 43.3% | GBX1.28 Billion | GBX728.20 Million | GBX2.53 Billion | ▲ +13.5 pp |
| 2003 | 29.8% | GBX1.18 Billion | GBX830.20 Million | GBX2.88 Billion | ▼ -5.1 pp |
| 2002 | 34.9% | GBX981.20 Million | GBX638.30 Million | GBX2.63 Billion | ▲ +14.5 pp |
| 2001 | 20.4% | GBX852.40 Million | GBX678.30 Million | GBX3.24 Billion | ▼ -13.7 pp |
| 2000 | 34.1% | GBX498.80 Million | GBX328.80 Million | GBX1.30 Billion | ▼ -40.4 pp |
| 1999 | 74.5% | GBX358.50 Million | GBX91.50 Million | GBX958.40 Million | ▼ -25.5 pp |
| 1998 | 100.0% | GBX226.40 Million | GBX0.00 | GBX797.00 Million | ▲ +0.0 pp |
| 1997 | 100.0% | GBX244.60 Million | GBX0.00 | GBX769.80 Million | ▲ +0.0 pp |
| 1996 | 100.0% | GBX211.80 Million | GBX0.00 | GBX710.40 Million | ▲ +97.1 pp |
| 1995 | 2.9% | GBX225.50 Million | GBX218.90 Million | GBX636.80 Million | ▼ -5.3 pp |
| 1994 | 8.3% | GBX212.00 Million | GBX194.50 Million | GBX584.10 Million | ▼ -26.9 pp |
| 1993 | 35.2% | GBX266.70 Million | GBX172.90 Million | GBX632.30 Million | ▼ -14.4 pp |
| 1992 | 49.5% | GBX330.00 Million | GBX166.50 Million | GBX613.20 Million | ▲ +9.6 pp |
| 1991 | 39.9% | GBX309.30 Million | GBX185.80 Million | GBX614.80 Million | ▼ -60.1 pp |
| 1990 | 100.0% | GBX300.40 Million | GBX0.00 | GBX553.20 Million | ▲ +63.6 pp |
| 1989 | 36.4% | GBX273.19 Million | GBX173.72 Million | GBX544.23 Million | ▼ -3.9 pp |
| 1988 | 40.3% | GBX254.31 Million | GBX151.71 Million | GBX475.58 Million | ▼ -8.0 pp |
| 1987 | 48.4% | GBX197.36 Million | GBX101.92 Million | GBX341.81 Million | ▼ -51.6 pp |
| 1986 | 100.0% | GBX173.42 Million | GBX0.00 | GBX311.08 Million | — |