Vodafone Group PLC (VOD) — Tangible Net Worth Ratio
Vodafone Group PLC (VOD) has a Tangible Net Worth Ratio of 74.7% as of September 2025. This metric is calculated by deducting intangible assets (GBX14.32 Billion) from net assets (GBX56.61 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 working capital position of Vodafone Group PLC to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Vodafone Group PLC Tangible Net Worth Ratio (1987–2025)
This chart shows how Vodafone Group PLC's Tangible Net Worth Ratio has changed across 39 annual periods from 1987 to 2025. As of September 2025, the ratio stands at 74.7%, reflecting net assets of GBX56.61 Billion with intangible assets of GBX14.32 Billion GBX. See Vodafone Group PLC liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Vodafone Group PLC (1987–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Vodafone Group PLC from 1987 to 2025, covering 39 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 Vodafone Group PLC worth.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 76.0% | GBX53.92 Billion | GBX12.92 Billion | GBX128.52 Billion | ▼ -1.2 pp |
| 2024 | 77.2% | GBX61.00 Billion | GBX13.90 Billion | GBX144.35 Billion | ▲ +7.6 pp |
| 2023 | 69.6% | GBX64.48 Billion | GBX19.59 Billion | GBX155.52 Billion | ▲ +7.0 pp |
| 2022 | 62.6% | GBX57.07 Billion | GBX21.36 Billion | GBX154.05 Billion | ▲ +0.3 pp |
| 2021 | 62.3% | GBX57.82 Billion | GBX21.82 Billion | GBX155.06 Billion | ▼ -1.6 pp |
| 2020 | 63.9% | GBX62.62 Billion | GBX22.63 Billion | GBX168.17 Billion | ▼ -8.3 pp |
| 2019 | 72.2% | GBX63.45 Billion | GBX17.65 Billion | GBX142.86 Billion | ▼ -3.7 pp |
| 2018 | 75.9% | GBX68.61 Billion | GBX16.52 Billion | GBX145.61 Billion | ▲ +2.2 pp |
| 2017 | 73.7% | GBX73.72 Billion | GBX19.41 Billion | GBX154.68 Billion | ▲ +9.3 pp |
| 2016 | 64.4% | GBX85.36 Billion | GBX30.41 Billion | GBX169.55 Billion | ▼ -4.7 pp |
| 2015 | 69.1% | GBX92.62 Billion | GBX28.65 Billion | GBX167.61 Billion | ▲ +1.6 pp |
| 2014 | 67.4% | GBX86.83 Billion | GBX28.27 Billion | GBX147.39 Billion | ▼ -2.2 pp |
| 2013 | 69.6% | GBX86.00 Billion | GBX26.13 Billion | GBX169.31 Billion | ▼ -3.3 pp |
| 2012 | 72.9% | GBX93.85 Billion | GBX25.40 Billion | GBX167.51 Billion | ▼ -0.4 pp |
| 2011 | 73.4% | GBX99.66 Billion | GBX26.54 Billion | GBX172.11 Billion | ▼ -1.9 pp |
| 2010 | 75.3% | GBX101.94 Billion | GBX25.17 Billion | GBX176.23 Billion | ▲ +0.1 pp |
| 2009 | 75.3% | GBX91.54 Billion | GBX22.65 Billion | GBX164.89 Billion | ▲ +0.1 pp |
| 2008 | 75.2% | GBX96.08 Billion | GBX23.87 Billion | GBX159.91 Billion | ▼ -1.5 pp |
| 2007 | 76.7% | GBX99.14 Billion | GBX23.14 Billion | GBX161.50 Billion | ▼ -4.0 pp |
| 2006 | 80.6% | GBX122.33 Billion | GBX23.68 Billion | GBX181.74 Billion | ▲ +66.1 pp |
| 2005 | 14.5% | GBX165.68 Billion | GBX141.62 Billion | GBX214.59 Billion | ▼ -4.0 pp |
| 2004 | 18.5% | GBX172.18 Billion | GBX140.26 Billion | GBX220.42 Billion | ▲ +0.7 pp |
| 2003 | 17.8% | GBX190.61 Billion | GBX156.63 Billion | GBX236.61 Billion | ▼ -2.8 pp |
| 2002 | 20.6% | GBX218.19 Billion | GBX173.24 Billion | GBX266.37 Billion | ▼ -5.6 pp |
| 2001 | 26.2% | GBX238.49 Billion | GBX176.09 Billion | GBX278.87 Billion | ▼ -58.2 pp |
| 2000 | 84.4% | GBX237.32 Billion | GBX37.02 Billion | GBX255.67 Billion | ▲ +20.0 pp |
| 1999 | 64.4% | GBX1.38 Billion | GBX492.71 Million | GBX5.45 Billion | ▲ +0.6 pp |
| 1998 | 63.7% | GBX589.34 Million | GBX213.68 Million | GBX3.89 Billion | ▼ -18.5 pp |
| 1997 | 82.2% | GBX1.17 Billion | GBX208.11 Million | GBX3.42 Billion | ▼ -9.1 pp |
| 1996 | 91.3% | GBX1.24 Billion | GBX108.50 Million | GBX2.14 Billion | ▲ +25.6 pp |
| 1995 | 65.6% | GBX997.80 Million | GBX342.78 Million | GBX1.72 Billion | ▼ -6.5 pp |
| 1994 | 72.1% | GBX899.69 Million | GBX250.93 Million | GBX1.36 Billion | ▼ -3.2 pp |
| 1993 | 75.3% | GBX742.57 Million | GBX183.62 Million | GBX1.08 Billion | ▼ -6.0 pp |
| 1992 | 81.3% | GBX632.25 Million | GBX118.42 Million | GBX918.56 Million | ▲ +1.2 pp |
| 1991 | 80.1% | GBX603.35 Million | GBX120.08 Million | GBX888.38 Million | ▲ +3.3 pp |
| 1990 | 76.8% | GBX366.80 Million | GBX84.94 Million | GBX617.98 Million | ▼ -2.7 pp |
| 1989 | 79.6% | GBX277.09 Million | GBX56.60 Million | GBX447.45 Million | ▲ +73.2 pp |
| 1988 | 6.4% | GBX47.67 Million | GBX44.61 Million | GBX306.06 Million | ▲ +31.4 pp |
| 1987 | -24.9% | GBX32.83 Million | GBX41.01 Million | GBX287.26 Million | — |