Construcciones y Auxiliar de Ferrocarriles S.A. (CAF) — Tangible Net Worth Ratio
Construcciones y Auxiliar de Ferrocarriles S.A. (CAF) has a Tangible Net Worth Ratio of 71.9% as of December 2025. This metric is calculated by deducting intangible assets (€277.90 Million) from net assets (€987.76 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 Construcciones y Auxiliar de Ferrocarril short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Construcciones y Auxiliar de Ferrocarriles S.A. Tangible Net Worth Ratio (2001–2025)
This chart shows how Construcciones y Auxiliar de Ferrocarriles S.A.'s Tangible Net Worth Ratio has changed across 25 annual periods from 2001 to 2025. As of December 2025, the ratio stands at 71.9%, reflecting net assets of €987.76 Million with intangible assets of €277.90 Million EUR. See operational self-sufficiency of Construcciones y Auxiliar de Ferrocarril to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Construcciones y Auxiliar de Ferrocarriles S.A. (2001–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Construcciones y Auxiliar de Ferrocarriles S.A. from 2001 to 2025, covering 25 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 CAF market cap overview.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 71.9% | €987.76 Million | €277.90 Million | €5.53 Billion | ▲ +3.9 pp |
| 2024 | 68.0% | €896.25 Million | €287.21 Million | €5.22 Billion | ▲ +0.7 pp |
| 2023 | 67.2% | €868.18 Million | €284.42 Million | €5.05 Billion | ▼ -0.4 pp |
| 2022 | 67.6% | €788.33 Million | €255.44 Million | €4.91 Billion | ▼ -2.3 pp |
| 2021 | 69.9% | €740.46 Million | €222.68 Million | €4.27 Billion | ▲ +4.2 pp |
| 2020 | 65.7% | €644.20 Million | €220.65 Million | €4.08 Billion | ▼ -2.2 pp |
| 2019 | 67.9% | €745.37 Million | €239.24 Million | €4.32 Billion | ▼ -4.8 pp |
| 2018 | 72.7% | €757.27 Million | €206.53 Million | €4.01 Billion | ▼ -21.2 pp |
| 2017 | 93.9% | €760.20 Million | €46.42 Million | €3.12 Billion | ▼ -1.0 pp |
| 2016 | 94.9% | €783.68 Million | €40.13 Million | €3.23 Billion | ▼ -0.3 pp |
| 2015 | 95.1% | €714.93 Million | €34.72 Million | €2.87 Billion | ▲ +0.2 pp |
| 2014 | 95.0% | €748.91 Million | €37.67 Million | €2.96 Billion | ▼ -0.2 pp |
| 2013 | 95.2% | €729.36 Million | €35.17 Million | €2.81 Billion | ▲ +1.1 pp |
| 2012 | 94.1% | €707.60 Million | €42.04 Million | €2.67 Billion | ▼ -1.4 pp |
| 2011 | 95.4% | €667.26 Million | €30.57 Million | €2.38 Billion | ▲ +32.4 pp |
| 2010 | 63.0% | €573.28 Million | €211.87 Million | €2.22 Billion | ▼ -2.3 pp |
| 2009 | 65.3% | €472.44 Million | €163.91 Million | €2.35 Billion | ▲ +11.2 pp |
| 2008 | 54.1% | €377.33 Million | €173.17 Million | €1.91 Billion | ▲ +19.8 pp |
| 2007 | 34.3% | €300.91 Million | €197.56 Million | €1.29 Billion | ▼ -20.3 pp |
| 2006 | 54.7% | €223.36 Million | €101.29 Million | €1.05 Billion | ▼ -38.7 pp |
| 2005 | 93.3% | €189.96 Million | €12.63 Million | €637.93 Million | ▲ +2.9 pp |
| 2004 | 90.4% | €147.51 Million | €14.12 Million | €617.83 Million | ▲ +3.3 pp |
| 2003 | 87.2% | €137.02 Million | €17.60 Million | €527.50 Million | ▼ -12.8 pp |
| 2002 | 100.0% | €132.93 Million | €0.00 | €456.67 Million | ▲ +0.0 pp |
| 2001 | 100.0% | €21.37 Billion | €0.00 | €62.39 Billion | — |