TP ICAP Group PLC (TCAP) — Tangible Net Worth Ratio
TP ICAP Group PLC (TCAP) has a Tangible Net Worth Ratio of 16.5% as of December 2025. This metric is calculated by deducting intangible assets (GBX1.70 Billion) from net assets (GBX2.04 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 TCAP current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
TP ICAP Group PLC Tangible Net Worth Ratio (2000–2025)
This chart shows how TP ICAP Group PLC's Tangible Net Worth Ratio has changed across 29 annual periods from 2000 to 2025. As of December 2025, the ratio stands at 16.5%, reflecting net assets of GBX2.04 Billion with intangible assets of GBX1.70 Billion GBX. See TCAP defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for TP ICAP Group PLC (2000–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for TP ICAP Group PLC from 2000 to 2025, covering 29 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 TP ICAP Group PLC stock valuation.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 16.5% | GBX2.04 Billion | GBX1.70 Billion | GBX8.18 Billion | ▼ -57.4 pp |
| 2024 | 73.9% | GBX2.08 Billion | GBX542.00 Million | GBX6.45 Billion | ▲ +1.0 pp |
| 2023 | 72.9% | GBX2.06 Billion | GBX559.00 Million | GBX6.21 Billion | ▲ +2.8 pp |
| 2022 | 70.2% | GBX2.16 Billion | GBX645.00 Million | GBX5.86 Billion | ▲ +4.2 pp |
| 2021 | 66.0% | GBX1.98 Billion | GBX673.00 Million | GBX5.45 Billion | ▼ -2.7 pp |
| 2020 | 68.7% | GBX1.70 Billion | GBX532.00 Million | GBX72.73 Billion | ▲ +59.5 pp |
| 2019 | 9.1% | GBX1.73 Billion | GBX1.57 Billion | GBX52.06 Billion | ▼ -56.3 pp |
| 2018 | 65.4% | GBX1.83 Billion | GBX633.00 Million | GBX25.51 Billion | ▲ +1.4 pp |
| 2017 | 64.0% | GBX1.83 Billion | GBX659.00 Million | GBX37.37 Billion | ▲ +1.5 pp |
| 2016 | 62.5% | GBX1.92 Billion | GBX719.30 Million | GBX25.99 Billion | ▼ -29.1 pp |
| 2016 | 91.6% | GBX574.00 Million | GBX48.00 Million | GBX21.53 Billion | ▼ -2.5 pp |
| 2015 | 94.1% | GBX541.70 Million | GBX32.00 Million | GBX3.53 Billion | ▲ +1.8 pp |
| 2015 | 92.3% | GBX574.00 Million | GBX44.00 Million | GBX24.96 Billion | ▼ -1.3 pp |
| 2014 | 93.6% | GBX463.50 Million | GBX29.60 Million | GBX4.02 Billion | ▲ +14.0 pp |
| 2014 | 79.6% | GBX627.00 Million | GBX128.00 Million | GBX23.50 Billion | ▼ -14.9 pp |
| 2013 | 94.5% | GBX398.40 Million | GBX21.80 Million | GBX6.49 Billion | ▲ +0.3 pp |
| 2012 | 94.2% | GBX372.00 Million | GBX21.60 Million | GBX6.57 Billion | ▼ -2.0 pp |
| 2011 | 96.2% | GBX475.50 Million | GBX18.30 Million | GBX6.12 Billion | ▼ -0.9 pp |
| 2010 | 97.1% | GBX411.80 Million | GBX12.10 Million | GBX5.07 Billion | ▼ -0.6 pp |
| 2009 | 97.6% | GBX312.50 Million | GBX7.40 Million | GBX6.59 Billion | ▲ +0.0 pp |
| 2008 | 97.6% | GBX244.50 Million | GBX5.80 Million | GBX14.40 Billion | ▼ -0.3 pp |
| 2007 | 97.9% | GBX132.40 Million | GBX2.80 Million | GBX7.62 Billion | ▼ -1.7 pp |
| 2006 | 99.6% | GBX382.30 Million | GBX1.70 Million | GBX13.27 Billion | ▲ +0.1 pp |
| 2005 | 99.5% | GBX544.50 Million | GBX2.80 Million | GBX12.82 Billion | ▲ +86.4 pp |
| 2004 | 13.1% | GBX495.40 Million | GBX430.60 Million | GBX72.38 Billion | ▼ -15.6 pp |
| 2003 | 28.7% | GBX395.80 Million | GBX282.20 Million | GBX1.03 Billion | ▲ +4.9 pp |
| 2002 | 23.8% | GBX150.20 Million | GBX114.40 Million | GBX276.70 Million | ▲ +7.8 pp |
| 2001 | 16.0% | GBX143.97 Million | GBX120.89 Million | GBX312.11 Million | ▲ +8.5 pp |
| 2000 | 7.6% | GBX118.56 Million | GBX109.57 Million | GBX352.71 Million | — |