Freedom Holding Corp (FRHC) — Tangible Net Worth Ratio
Freedom Holding Corp (FRHC) has a Tangible Net Worth Ratio of 95.1% as of March 2026. This metric is calculated by deducting intangible assets ($73.32 Million) from net assets ($1.49 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 FRHC net assets growth trend to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Freedom Holding Corp Tangible Net Worth Ratio (1997–2026)
This chart shows how Freedom Holding Corp's Tangible Net Worth Ratio has changed across 27 annual periods from 1997 to 2026. As of March 2026, the ratio stands at 95.1%, reflecting net assets of $1.49 Billion with intangible assets of $73.32 Million USD. For live market cap and overall valuation, see Freedom Holding Corp stock valuation.
Annual Tangible Net Worth Ratio for Freedom Holding Corp (1997–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Freedom Holding Corp from 1997 to 2026, covering 27 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 FRHC capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 95.1% | $1.49 Billion | $73.32 Million | $13.16 Billion | ▼ -0.5 pp |
| 2025 | 95.5% | $1.21 Billion | $54.19 Million | $9.91 Billion | ▼ -0.4 pp |
| 2024 | 95.9% | $1.17 Billion | $47.67 Million | $8.30 Billion | ▼ -1.8 pp |
| 2023 | 97.7% | $770.74 Million | $17.61 Million | $5.08 Billion | ▼ -1.3 pp |
| 2022 | 99.1% | $546.61 Million | $5.16 Million | $3.23 Billion | ▲ +0.5 pp |
| 2021 | 98.6% | $275.67 Million | $3.90 Million | $2.10 Billion | ▲ +1.2 pp |
| 2020 | 97.3% | $129.04 Million | $3.42 Million | $453.52 Million | ▲ +0.9 pp |
| 2019 | 96.4% | $117.60 Million | $4.23 Million | $350.91 Million | ▼ -3.1 pp |
| 2018 | 99.5% | $115.10 Million | $586.00K | $330.09 Million | ▼ -0.5 pp |
| 2016 | 100.0% | $105.16K | $0.00 | $8.69 Million | ▲ +0.0 pp |
| 2013 | 100.0% | $1.55 Million | $0.00 | $10.56 Million | ▲ +0.0 pp |
| 2012 | 100.0% | $21.38 Million | $0.00 | $41.42 Million | ▲ +0.0 pp |
| 2011 | 100.0% | $218.61 Million | $0.00 | $320.53 Million | ▲ +0.0 pp |
| 2010 | 100.0% | $210.26 Million | $0.00 | $292.26 Million | ▲ +0.0 pp |
| 2009 | 100.0% | $192.12 Million | $0.00 | $288.35 Million | ▲ +0.0 pp |
| 2008 | 100.0% | $159.80 Million | $49.66K | $254.84 Million | ▼ 0.0 pp |
| 2007 | 100.0% | $125.56 Million | $0.00 | $144.80 Million | ▲ +0.0 pp |
| 2006 | 100.0% | $114.63 Million | $49.66K | $126.58 Million | ▼ 0.0 pp |
| 2005 | 100.0% | $54.75 Million | $14.44K | $62.03 Million | ▲ +0.0 pp |
| 2004 | 100.0% | $11.60 Million | $5.41K | $18.51 Million | ▼ 0.0 pp |
| 2003 | 100.0% | $65.50K | $0.00 | $98.56K | ▲ +0.0 pp |
| 2002 | 100.0% | $3.19 Million | $0.00 | $3.24 Million | ▲ +0.0 pp |
| 2001 | 100.0% | $2.76 Million | $0.00 | $3.14 Million | ▲ +0.0 pp |
| 2000 | 100.0% | $5.24 Million | $0.00 | $9.72 Million | ▲ +0.0 pp |
| 1999 | 100.0% | $7.92 Million | $0.00 | $29.45 Million | ▲ +0.0 pp |
| 1998 | 100.0% | $6.69 Million | $0.00 | $48.74 Million | ▲ +0.0 pp |
| 1997 | 100.0% | $3.64 Million | $0.00 | $38.82 Million | — |