Cellnex Telecom SA (CLNX) — Tangible Net Worth Ratio
Cellnex Telecom SA (CLNX) has a Tangible Net Worth Ratio of -62.0% as of March 2026. This metric is calculated by deducting intangible assets (€21.40 Billion) from net assets (€13.21 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 Cellnex Telecom SA (CLNX) net assets for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Cellnex Telecom SA Tangible Net Worth Ratio (2011–2025)
This chart shows how Cellnex Telecom SA's Tangible Net Worth Ratio has changed across 15 annual periods from 2011 to 2025. As of March 2026, the ratio stands at -62.0%, reflecting net assets of €13.21 Billion with intangible assets of €21.40 Billion EUR. Also explore how fast is Cellnex Telecom SA growing its equity to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Cellnex Telecom SA (2011–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Cellnex Telecom SA from 2011 to 2025, covering 15 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 CLNX market cap overview.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -15.0% | €13.32 Billion | €15.32 Billion | €42.06 Billion | ▼ -7.3 pp |
| 2024 | -7.7% | €15.32 Billion | €16.51 Billion | €43.67 Billion | ▲ +11.4 pp |
| 2023 | -19.1% | €15.15 Billion | €18.05 Billion | €44.37 Billion | ▲ +13.4 pp |
| 2022 | -32.5% | €15.19 Billion | €20.13 Billion | €44.26 Billion | ▼ -12.4 pp |
| 2021 | -20.2% | €15.84 Billion | €19.04 Billion | €41.80 Billion | ▼ -15.3 pp |
| 2020 | -4.9% | €8.93 Billion | €9.37 Billion | €24.07 Billion | ▼ -20.6 pp |
| 2019 | 15.8% | €5.05 Billion | €4.26 Billion | €13.00 Billion | ▲ +223.8 pp |
| 2018 | -208.0% | €615.37 Million | €1.90 Billion | €5.13 Billion | ▼ -98.1 pp |
| 2017 | -109.9% | €644.91 Million | €1.35 Billion | €4.06 Billion | ▼ -22.1 pp |
| 2016 | -87.8% | €551.20 Million | €1.04 Billion | €2.90 Billion | ▼ -79.3 pp |
| 2015 | -8.5% | €537.22 Million | €582.64 Million | €2.03 Billion | ▼ -87.8 pp |
| 2014 | 79.3% | €501.39 Million | €103.79 Million | €1.23 Billion | ▼ -19.0 pp |
| 2013 | 98.3% | €487.48 Million | €8.09 Million | €838.61 Million | ▲ +0.1 pp |
| 2012 | 98.3% | €408.40 Million | €7.07 Million | €719.45 Million | ▲ +0.4 pp |
| 2011 | 97.9% | €378.59 Million | €7.94 Million | €673.54 Million | — |