Banco Santander S.A. (SAN) — Tangible Net Worth Ratio
Banco Santander S.A. (SAN) has a Tangible Net Worth Ratio of 95.3% as of March 2026. This metric is calculated by deducting intangible assets (€5.28 Billion) from net assets (€112.55 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 Banco Santander S.A. 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
Banco Santander S.A. Tangible Net Worth Ratio (1991–2025)
This chart shows how Banco Santander S.A.'s Tangible Net Worth Ratio has changed across 35 annual periods from 1991 to 2025. As of March 2026, the ratio stands at 95.3%, reflecting net assets of €112.55 Billion with intangible assets of €5.28 Billion EUR. See operational self-sufficiency of Banco Santander S.A. to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Banco Santander S.A. (1991–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Banco Santander S.A. from 1991 to 2025, covering 35 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 SAN market cap.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 95.3% | €112.75 Billion | €5.35 Billion | €1.87 Trillion | ▲ +0.7 pp |
| 2024 | 94.6% | €107.33 Billion | €5.82 Billion | €1.84 Trillion | ▲ +0.2 pp |
| 2023 | 94.4% | €104.24 Billion | €5.85 Billion | €1.80 Trillion | ▼ -0.6 pp |
| 2022 | 95.0% | €97.58 Billion | €4.90 Billion | €1.73 Trillion | ▼ -1.0 pp |
| 2021 | 96.0% | €97.05 Billion | €3.87 Billion | €1.60 Trillion | ▼ -0.2 pp |
| 2020 | 96.2% | €91.32 Billion | €3.44 Billion | €1.51 Trillion | ▼ -0.7 pp |
| 2019 | 96.9% | €110.66 Billion | €3.44 Billion | €1.52 Trillion | ▼ -0.2 pp |
| 2018 | 97.1% | €107.36 Billion | €3.09 Billion | €1.46 Trillion | ▼ -0.2 pp |
| 2017 | 97.3% | €106.83 Billion | €2.91 Billion | €1.44 Trillion | ▼ -0.1 pp |
| 2016 | 97.4% | €102.70 Billion | €2.70 Billion | €1.34 Trillion | ▼ -0.1 pp |
| 2015 | 97.5% | €98.75 Billion | €2.47 Billion | €1.34 Trillion | ▲ +0.7 pp |
| 2014 | 96.8% | €89.71 Billion | €2.85 Billion | €1.27 Trillion | ▲ +0.5 pp |
| 2013 | 96.3% | €79.52 Billion | €2.96 Billion | €1.12 Trillion | ▲ +0.5 pp |
| 2012 | 95.8% | €81.19 Billion | €3.44 Billion | €1.27 Trillion | ▼ -0.6 pp |
| 2011 | 96.4% | €82.86 Billion | €2.99 Billion | €1.25 Trillion | ▲ +0.6 pp |
| 2010 | 95.7% | €80.91 Billion | €3.44 Billion | €1.22 Trillion | ▼ -0.5 pp |
| 2009 | 96.2% | €73.87 Billion | €2.78 Billion | €1.11 Trillion | ▼ -0.8 pp |
| 2008 | 97.0% | €60.00 Billion | €1.79 Billion | €1.05 Trillion | ▲ +0.8 pp |
| 2007 | 96.2% | €57.56 Billion | €2.20 Billion | €912.91 Billion | ▲ +1.4 pp |
| 2006 | 94.8% | €47.07 Billion | €2.44 Billion | €833.87 Billion | ▲ +0.4 pp |
| 2005 | 94.4% | €39.52 Billion | €2.21 Billion | €808.49 Billion | ▼ -4.5 pp |
| 2004 | 98.9% | €36.50 Billion | €412.73 Million | €664.49 Billion | ▲ +4.6 pp |
| 2003 | 94.3% | €105.90 Billion | €6.07 Billion | €351.18 Billion | ▲ +11.3 pp |
| 2002 | 82.9% | €27.23 Billion | €4.65 Billion | €324.50 Billion | ▼ -14.8 pp |
| 2001 | 97.8% | €250.04 Billion | €5.59 Billion | €358.76 Billion | ▲ +0.3 pp |
| 2000 | 97.5% | €236.68 Billion | €5.93 Billion | €349.90 Billion | ▼ -1.4 pp |
| 1999 | 98.9% | €224.60 Billion | €2.44 Billion | €256.83 Billion | ▼ -0.1 pp |
| 1998 | 99.0% | €140.35 Billion | €1.35 Billion | €154.99 Billion | ▼ -1.0 pp |
| 1997 | 100.0% | €143.36 Billion | €0.00 | €155.77 Billion | ▲ +3.0 pp |
| 1996 | 97.0% | €110.94 Billion | €3.33 Billion | €120.48 Billion | ▲ +0.3 pp |
| 1995 | 96.7% | €98.27 Billion | €3.25 Billion | €105.48 Billion | ▲ +0.6 pp |
| 1994 | 96.1% | €86.52 Billion | €3.39 Billion | €93.18 Billion | ▲ +443.9 pp |
| 1993 | -347.8% | €3.60 Billion | €16.11 Billion | €65.51 Billion | ▼ -428.9 pp |
| 1992 | 81.1% | €2.88 Billion | €543.78 Million | €50.82 Billion | ▼ -18.9 pp |
| 1991 | 100.0% | €2.52 Billion | €0.00 | €45.07 Billion | — |