GDS Holdings Ltd (GDS) — Tangible Net Worth Ratio
GDS Holdings Ltd (GDS) has a Tangible Net Worth Ratio of 79.1% as of September 2025. This metric is calculated by deducting intangible assets ($5.60 Billion) from net assets ($26.78 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 GDS Holdings Ltd net assets for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
GDS Holdings Ltd Tangible Net Worth Ratio (2014–2024)
This chart shows how GDS Holdings Ltd's Tangible Net Worth Ratio has changed across 11 annual periods from 2014 to 2024. As of September 2025, the ratio stands at 79.1%, reflecting net assets of $26.78 Billion with intangible assets of $5.60 Billion USD. Also explore net asset momentum of GDS Holdings Ltd to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for GDS Holdings Ltd (2014–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for GDS Holdings Ltd from 2014 to 2024, covering 11 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 how much is GDS Holdings Ltd worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 73.0% | $23.67 Billion | $6.39 Billion | $73.65 Billion | ▼ -23.5 pp |
| 2023 | 96.5% | $20.12 Billion | $710.94 Million | $74.45 Billion | ▼ -3.4 pp |
| 2022 | 99.9% | $24.18 Billion | $23.00 Million | $74.81 Billion | ▲ +2.5 pp |
| 2021 | 97.4% | $24.53 Billion | $634.95 Million | $71.63 Billion | ▲ +0.1 pp |
| 2020 | 97.3% | $25.57 Billion | $678.19 Million | $57.26 Billion | ▲ +4.6 pp |
| 2019 | 92.7% | $10.29 Billion | $747.19 Million | $31.49 Billion | ▲ +15.2 pp |
| 2018 | 77.6% | $5.52 Billion | $1.24 Billion | $20.89 Billion | ▼ -14.1 pp |
| 2017 | 91.6% | $4.48 Billion | $374.71 Million | $13.14 Billion | ▼ -4.4 pp |
| 2016 | 96.0% | $2.99 Billion | $119.36 Million | $8.20 Billion | ▼ -0.4 pp |
| 2015 | 96.4% | $2.05 Billion | $74.34 Million | $5.13 Billion | ▲ +0.3 pp |
| 2014 | 96.1% | $2.15 Billion | $83.89 Million | $3.85 Billion | — |