Trainline Plc (TRN) — Tangible Net Worth Ratio
Trainline Plc (TRN) has a Tangible Net Worth Ratio of 68.9% as of August 2025. This metric is calculated by deducting intangible assets (GBX77.79 Million) from net assets (GBX250.28 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 how liquid is Trainline Plc's working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Trainline Plc Tangible Net Worth Ratio (2017–2025)
This chart shows how Trainline Plc's Tangible Net Worth Ratio has changed across 11 annual periods from 2017 to 2025. As of August 2025, the ratio stands at 68.9%, reflecting net assets of GBX250.28 Million with intangible assets of GBX77.79 Million GBX. See Trainline Plc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Trainline Plc (2017–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Trainline Plc from 2017 to 2025, covering 11 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 TRN market cap overview.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 73.6% | GBX282.75 Million | GBX74.66 Million | GBX660.25 Million | ▼ -3.9 pp |
| 2024 | 77.5% | GBX312.02 Million | GBX70.35 Million | GBX681.93 Million | ▲ +0.0 pp |
| 2024 | 77.5% | GBX312.02 Million | GBX70.35 Million | GBX681.93 Million | ▲ +145.2 pp |
| 2023 | -67.7% | GBX290.64 Million | GBX487.54 Million | GBX653.17 Million | ▲ +20.0 pp |
| 2022 | -87.7% | GBX259.49 Million | GBX487.15 Million | GBX643.00 Million | ▼ -11.1 pp |
| 2021 | -76.7% | GBX283.50 Million | GBX500.84 Million | GBX592.88 Million | ▼ -32.7 pp |
| 2020 | -44.0% | GBX372.91 Million | GBX536.91 Million | GBX701.33 Million | ▲ +0.0 pp |
| 2020 | -44.0% | GBX372.91 Million | GBX536.91 Million | GBX701.33 Million | ▼ -95.5 pp |
| 2019 | 51.5% | GBX236.59 Million | GBX114.77 Million | GBX705.66 Million | ▼ -0.5 pp |
| 2018 | 52.0% | GBX249.22 Million | GBX119.66 Million | GBX677.74 Million | ▼ -2.2 pp |
| 2017 | 54.2% | GBX273.28 Million | GBX125.26 Million | GBX686.24 Million | — |