Spirax Group plc (SPX) — Tangible Net Worth Ratio
Spirax Group plc (SPX) has a Tangible Net Worth Ratio of 67.6% as of December 2025. This metric is calculated by deducting intangible assets (GBX396.10 Million) from net assets (GBX1.22 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 SPX net asset value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Spirax Group plc Tangible Net Worth Ratio (1985–2025)
This chart shows how Spirax Group plc's Tangible Net Worth Ratio has changed across 41 annual periods from 1985 to 2025. As of December 2025, the ratio stands at 67.6%, reflecting net assets of GBX1.22 Billion with intangible assets of GBX396.10 Million GBX. Also explore SPX year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Spirax Group plc (1985–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Spirax Group plc from 1985 to 2025, covering 41 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 market value of Spirax Group plc.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 67.6% | GBX1.22 Billion | GBX396.10 Million | GBX2.66 Billion | ▲ +2.4 pp |
| 2024 | 65.2% | GBX1.21 Billion | GBX420.40 Million | GBX2.65 Billion | ▲ +4.0 pp |
| 2023 | 61.2% | GBX1.16 Billion | GBX448.80 Million | GBX2.71 Billion | ▲ +64.1 pp |
| 2022 | -2.9% | GBX1.17 Billion | GBX1.20 Billion | GBX2.78 Billion | ▼ -36.9 pp |
| 2021 | 34.0% | GBX1.01 Billion | GBX666.90 Million | GBX1.86 Billion | ▲ +16.0 pp |
| 2020 | 18.0% | GBX852.30 Million | GBX699.00 Million | GBX1.74 Billion | ▲ +5.3 pp |
| 2019 | 12.7% | GBX826.30 Million | GBX721.60 Million | GBX1.86 Billion | ▼ -3.2 pp |
| 2018 | 15.9% | GBX766.90 Million | GBX645.20 Million | GBX1.55 Billion | ▲ +19.4 pp |
| 2017 | -3.6% | GBX609.50 Million | GBX631.30 Million | GBX1.48 Billion | ▼ -71.2 pp |
| 2016 | 67.6% | GBX524.40 Million | GBX169.70 Million | GBX864.00 Million | ▼ -5.0 pp |
| 2015 | 72.7% | GBX398.31 Million | GBX108.85 Million | GBX691.67 Million | ▼ -16.4 pp |
| 2014 | 89.1% | GBX441.88 Million | GBX48.12 Million | GBX739.48 Million | ▲ +0.2 pp |
| 2013 | 88.9% | GBX403.53 Million | GBX44.59 Million | GBX696.70 Million | ▼ -1.0 pp |
| 2012 | 90.0% | GBX436.55 Million | GBX43.71 Million | GBX679.74 Million | ▼ 0.0 pp |
| 2011 | 90.0% | GBX400.12 Million | GBX39.90 Million | GBX643.75 Million | ▲ +1.1 pp |
| 2010 | 88.9% | GBX379.52 Million | GBX42.10 Million | GBX613.49 Million | ▲ +0.4 pp |
| 2009 | 88.5% | GBX307.36 Million | GBX35.23 Million | GBX538.86 Million | ▼ -3.7 pp |
| 2008 | 92.3% | GBX296.01 Million | GBX22.92 Million | GBX514.31 Million | ▼ -3.8 pp |
| 2007 | 96.0% | GBX242.97 Million | GBX9.66 Million | GBX365.41 Million | ▲ +0.5 pp |
| 2006 | 95.6% | GBX199.72 Million | GBX8.87 Million | GBX323.03 Million | ▼ -0.2 pp |
| 2005 | 95.8% | GBX198.25 Million | GBX8.36 Million | GBX344.58 Million | ▲ +7.1 pp |
| 2004 | 88.7% | GBX166.29 Million | GBX18.85 Million | GBX313.21 Million | ▼ -4.5 pp |
| 2003 | 93.2% | GBX163.82 Million | GBX11.12 Million | GBX293.60 Million | ▲ +0.2 pp |
| 2002 | 93.0% | GBX149.29 Million | GBX10.38 Million | GBX280.37 Million | ▼ -0.8 pp |
| 2001 | 93.8% | GBX145.12 Million | GBX8.96 Million | GBX272.55 Million | ▲ +0.6 pp |
| 2000 | 93.3% | GBX138.26 Million | GBX9.30 Million | GBX272.42 Million | ▼ -3.2 pp |
| 1999 | 96.5% | GBX128.74 Million | GBX4.48 Million | GBX249.04 Million | ▼ -0.2 pp |
| 1998 | 96.8% | GBX136.20 Million | GBX4.40 Million | GBX256.76 Million | ▼ -3.2 pp |
| 1997 | 100.0% | GBX128.77 Million | GBX0.00 | GBX238.93 Million | ▲ +0.0 pp |
| 1996 | 100.0% | GBX119.90 Million | GBX0.00 | GBX237.15 Million | ▲ +0.0 pp |
| 1995 | 100.0% | GBX122.52 Million | GBX0.00 | GBX231.80 Million | ▲ +0.0 pp |
| 1994 | 100.0% | GBX102.86 Million | GBX0.00 | GBX199.00 Million | ▲ +0.0 pp |
| 1993 | 100.0% | GBX89.90 Million | GBX0.00 | GBX192.39 Million | ▲ +0.0 pp |
| 1992 | 100.0% | GBX88.93 Million | GBX0.00 | GBX159.96 Million | ▲ +0.0 pp |
| 1991 | 100.0% | GBX71.66 Million | GBX0.00 | GBX133.74 Million | ▲ +0.0 pp |
| 1990 | 100.0% | GBX63.49 Million | GBX0.00 | GBX129.36 Million | ▲ +0.0 pp |
| 1989 | 100.0% | GBX75.82 Million | GBX0.00 | GBX122.67 Million | ▲ +0.0 pp |
| 1988 | 100.0% | GBX68.12 Million | GBX0.00 | GBX104.90 Million | ▲ +0.0 pp |
| 1987 | 100.0% | GBX62.45 Million | GBX0.00 | GBX94.01 Million | ▲ +0.0 pp |
| 1986 | 100.0% | GBX62.08 Million | GBX0.00 | GBX94.99 Million | ▲ +0.0 pp |
| 1985 | 100.0% | GBX51.51 Million | GBX0.00 | GBX84.45 Million | — |