Tullow Oil PLC (TLW) — Tangible Net Worth Ratio
Tullow Oil PLC (TLW) has a Tangible Net Worth Ratio of -79.4% as of December 2019. This metric is calculated by deducting intangible assets (GBX1.76 Billion) from net assets (GBX983.60 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 working capital to net assets of Tullow Oil PLC to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tullow Oil PLC Tangible Net Worth Ratio (1987–2019)
This chart shows how Tullow Oil PLC's Tangible Net Worth Ratio has changed across 33 annual periods from 1987 to 2019. As of December 2019, the ratio stands at -79.4%, reflecting net assets of GBX983.60 Million with intangible assets of GBX1.76 Billion GBX. See TLW cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Tullow Oil PLC (1987–2019)
The table below presents the year-by-year Tangible Net Worth Ratio for Tullow Oil PLC from 1987 to 2019, covering 33 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 how much is Tullow Oil PLC worth.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2019 | -79.4% | GBX983.60 Million | GBX1.76 Billion | GBX8.29 Billion | ▼ -113.8 pp |
| 2018 | 34.4% | GBX2.89 Billion | GBX1.90 Billion | GBX10.64 Billion | ▲ +5.6 pp |
| 2017 | 28.8% | GBX2.72 Billion | GBX1.93 Billion | GBX11.03 Billion | ▲ +19.2 pp |
| 2016 | 9.7% | GBX2.24 Billion | GBX2.03 Billion | GBX10.80 Billion | ▲ +16.8 pp |
| 2015 | -7.1% | GBX3.17 Billion | GBX3.40 Billion | GBX11.35 Billion | ▼ -10.6 pp |
| 2014 | 3.5% | GBX4.02 Billion | GBX3.88 Billion | GBX11.42 Billion | ▼ -20.3 pp |
| 2013 | 23.8% | GBX5.45 Billion | GBX4.15 Billion | GBX11.51 Billion | ▼ -69.0 pp |
| 2012 | 92.8% | GBX5.32 Billion | GBX383.70 Million | GBX9.38 Billion | ▲ +107.1 pp |
| 2011 | -14.4% | GBX4.77 Billion | GBX5.45 Billion | GBX10.63 Billion | ▼ -11.8 pp |
| 2010 | -2.5% | GBX3.90 Billion | GBX4.00 Billion | GBX8.41 Billion | ▼ -15.1 pp |
| 2009 | 12.6% | GBX2.47 Billion | GBX2.16 Billion | GBX5.20 Billion | ▲ +20.9 pp |
| 2008 | -8.3% | GBX1.92 Billion | GBX2.08 Billion | GBX4.29 Billion | ▲ +25.9 pp |
| 2007 | -34.2% | GBX1.41 Billion | GBX1.90 Billion | GBX4.15 Billion | ▼ -27.2 pp |
| 2006 | -7.0% | GBX1.50 Billion | GBX1.61 Billion | GBX3.90 Billion | ▼ -65.8 pp |
| 2005 | 58.7% | GBX669.38 Million | GBX276.25 Million | GBX1.83 Billion | ▼ -13.6 pp |
| 2004 | 72.3% | GBX720.17 Million | GBX199.37 Million | GBX1.52 Billion | ▲ +14.1 pp |
| 2003 | 58.2% | GBX207.00 Million | GBX86.49 Million | GBX511.61 Million | ▼ -7.4 pp |
| 2002 | 65.6% | GBX161.55 Million | GBX55.57 Million | GBX427.15 Million | ▲ +0.9 pp |
| 2001 | 64.7% | GBX133.68 Million | GBX47.23 Million | GBX399.52 Million | ▼ -11.5 pp |
| 2000 | 76.2% | GBX119.66 Million | GBX28.48 Million | GBX148.46 Million | ▲ +18.6 pp |
| 1999 | 57.6% | GBX98.37 Million | GBX41.74 Million | GBX156.91 Million | ▼ -4.1 pp |
| 1998 | 61.7% | GBX85.63 Million | GBX32.80 Million | GBX101.19 Million | ▼ -1.3 pp |
| 1997 | 63.0% | GBX73.61 Million | GBX27.21 Million | GBX96.87 Million | ▼ -9.4 pp |
| 1996 | 72.5% | GBX86.51 Million | GBX23.83 Million | GBX105.06 Million | ▲ +23.7 pp |
| 1995 | 48.7% | GBX31.99 Million | GBX16.40 Million | GBX53.52 Million | ▼ -47.8 pp |
| 1994 | 96.5% | GBX26.19 Million | GBX911.46K | GBX39.07 Million | ▼ -3.5 pp |
| 1993 | 100.0% | GBX14.42 Million | GBX0.00 | GBX25.72 Million | ▲ +1.2 pp |
| 1992 | 98.8% | GBX12.91 Million | GBX154.70K | GBX17.99 Million | ▲ +20.0 pp |
| 1991 | 78.8% | GBX12.01 Million | GBX2.55 Million | GBX15.15 Million | ▼ -13.0 pp |
| 1990 | 91.8% | GBX26.09 Million | GBX2.13 Million | GBX29.46 Million | ▲ +6.2 pp |
| 1989 | 85.6% | GBX18.04 Million | GBX2.60 Million | GBX23.35 Million | ▲ +16.4 pp |
| 1988 | 69.2% | GBX12.60 Million | GBX3.88 Million | GBX20.86 Million | ▼ -20.7 pp |
| 1987 | 89.9% | GBX10.45 Million | GBX1.05 Million | GBX12.09 Million | — |