Glencore plc (GLENN) — Tangible Net Worth Ratio
Glencore plc (GLENN) has a Tangible Net Worth Ratio of 97.3% as of December 2025. This metric is calculated by deducting intangible assets (MX$920.00 Million) from net assets (MX$33.61 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. Also explore how fast is Glencore plc growing its equity to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Glencore plc Tangible Net Worth Ratio (2013–2025)
This chart shows how Glencore plc's Tangible Net Worth Ratio has changed across 13 annual periods from 2013 to 2025. As of December 2025, the ratio stands at 97.3%, reflecting net assets of MX$33.61 Billion with intangible assets of MX$920.00 Million MXN. For live market cap and overall valuation, see Glencore plc market cap and net worth.
Annual Tangible Net Worth Ratio for Glencore plc (2013–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Glencore plc from 2013 to 2025, covering 13 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 Glencore plc capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (MXN) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 97.3% | MX$33.61 Billion | MX$920.00 Million | MX$142.20 Billion | ▲ +0.3 pp |
| 2024 | 97.0% | MX$35.66 Billion | MX$1.08 Billion | MX$130.46 Billion | ▼ 0.0 pp |
| 2023 | 97.0% | MX$38.24 Billion | MX$1.15 Billion | MX$123.87 Billion | ▼ -0.1 pp |
| 2022 | 97.1% | MX$45.22 Billion | MX$1.31 Billion | MX$132.58 Billion | ▲ +0.9 pp |
| 2021 | 96.2% | MX$36.92 Billion | MX$1.39 Billion | MX$127.51 Billion | ▲ +0.9 pp |
| 2020 | 95.3% | MX$34.40 Billion | MX$1.62 Billion | MX$118.00 Billion | ▲ +0.4 pp |
| 2019 | 94.9% | MX$39.24 Billion | MX$2.01 Billion | MX$124.08 Billion | ▼ -0.9 pp |
| 2018 | 95.8% | MX$45.38 Billion | MX$1.92 Billion | MX$128.67 Billion | ▼ -0.7 pp |
| 2017 | 96.5% | MX$49.45 Billion | MX$1.74 Billion | MX$135.59 Billion | ▲ +0.3 pp |
| 2016 | 96.2% | MX$43.78 Billion | MX$1.67 Billion | MX$124.60 Billion | ▲ +0.2 pp |
| 2015 | 96.0% | MX$41.34 Billion | MX$1.64 Billion | MX$128.49 Billion | ▲ +1.6 pp |
| 2014 | 94.4% | MX$51.48 Billion | MX$2.87 Billion | MX$152.21 Billion | ▲ +0.4 pp |
| 2013 | 94.0% | MX$52.68 Billion | MX$3.16 Billion | MX$154.86 Billion | — |