Tap Global Group Plc (TAP) — Tangible Net Worth Ratio
Tap Global Group Plc (TAP) has a Tangible Net Worth Ratio of 14.5% as of December 2025. This metric is calculated by deducting intangible assets (GBX2.08 Million) from net assets (GBX2.43 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 net asset growth rate of Tap Global Group Plc to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tap Global Group Plc Tangible Net Worth Ratio (2011–2025)
This chart shows how Tap Global Group Plc's Tangible Net Worth Ratio has changed across 13 annual periods from 2011 to 2025. As of December 2025, the ratio stands at 14.5%, reflecting net assets of GBX2.43 Million with intangible assets of GBX2.08 Million GBX. Check TAP strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Annual Tangible Net Worth Ratio for Tap Global Group Plc (2011–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Tap Global Group Plc from 2011 to 2025, covering 13 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 live market cap and overall valuation, see market value of Tap Global Group Plc.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 25.3% | GBX2.85 Million | GBX2.13 Million | GBX4.86 Million | ▼ -47.2 pp |
| 2024 | 72.5% | GBX7.49 Million | GBX2.06 Million | GBX9.06 Million | ▼ -17.9 pp |
| 2023 | 90.4% | GBX25.68 Million | GBX2.46 Million | GBX26.89 Million | ▼ -9.6 pp |
| 2022 | 100.0% | GBX2.86 Million | GBX0.00 | GBX3.00 Million | ▲ +0.0 pp |
| 2021 | 100.0% | GBX3.16 Million | GBX0.00 | GBX3.18 Million | ▲ +16.6 pp |
| 2018 | 83.4% | GBX124.27 Million | GBX20.62 Million | GBX197.26 Million | ▲ +27.8 pp |
| 2017 | 55.6% | GBX64.92 Million | GBX28.82 Million | GBX175.40 Million | ▼ -17.9 pp |
| 2016 | 73.5% | GBX50.72 Million | GBX13.45 Million | GBX84.58 Million | ▲ +11.1 pp |
| 2015 | 62.4% | GBX45.28 Million | GBX17.02 Million | GBX76.73 Million | ▲ +11.2 pp |
| 2014 | 51.2% | GBX42.33 Million | GBX20.66 Million | GBX59.12 Million | ▲ +106.1 pp |
| 2013 | -54.9% | GBX534.00K | GBX827.00K | GBX12.71 Million | ▼ -52.5 pp |
| 2012 | -2.4% | GBX500.00K | GBX512.00K | GBX9.10 Million | ▲ +70.6 pp |
| 2011 | -73.0% | GBX163.00K | GBX282.00K | GBX6.57 Million | — |