Cellnex Telecom SA (CLNX) — Tangible Net Worth Ratio
Cellnex Telecom SA (CLNX) has a Tangible Net Worth Ratio of -15.0% as of June 2026. This metric is calculated by deducting intangible assets (€14.83 Billion) from net assets (€12.89 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. Also explore CLNX shareholders equity momentum to track the company's year-over-year net asset growth rate.
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 June 2026, the ratio stands at -15.0%, reflecting net assets of €12.89 Billion with intangible assets of €14.83 Billion EUR. For live market cap and overall valuation, see Cellnex Telecom SA (CLNX) market capitalisation.
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. Explore Cellnex Telecom SA (CLNX) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
| 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 | — |