Icahn Enterprises LP (IEP) — Tangible Net Worth Ratio
Icahn Enterprises LP (IEP) has a Tangible Net Worth Ratio of 89.2% as of September 2025. This metric is calculated by deducting intangible assets ($368.00 Million) from net assets ($3.42 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 working capital to net assets of Icahn Enterprises LP to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Icahn Enterprises LP Tangible Net Worth Ratio (1986–2024)
This chart shows how Icahn Enterprises LP's Tangible Net Worth Ratio has changed across 31 annual periods from 1986 to 2024. As of September 2025, the ratio stands at 89.2%, reflecting net assets of $3.42 Billion with intangible assets of $368.00 Million USD. See Icahn Enterprises LP defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Icahn Enterprises LP (1986–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Icahn Enterprises LP from 1986 to 2024, covering 31 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 Icahn Enterprises LP stock valuation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 91.1% | $4.62 Billion | $409.00 Million | $16.28 Billion | ▼ -1.2 pp |
| 2023 | 92.3% | $6.07 Billion | $466.00 Million | $20.86 Billion | ▼ -2.1 pp |
| 2022 | 94.4% | $9.56 Billion | $533.00 Million | $27.91 Billion | ▲ +0.8 pp |
| 2021 | 93.6% | $9.34 Billion | $595.00 Million | $27.75 Billion | ▲ +0.8 pp |
| 2020 | 92.9% | $9.26 Billion | $660.00 Million | $24.99 Billion | ▼ -3.2 pp |
| 2019 | 96.1% | $10.94 Billion | $431.00 Million | $24.64 Billion | ▼ -0.1 pp |
| 2018 | 96.1% | $12.90 Billion | $501.00 Million | $23.40 Billion | ▲ +6.1 pp |
| 2017 | 90.0% | $11.37 Billion | $1.14 Billion | $31.80 Billion | ▲ +3.5 pp |
| 2016 | 86.5% | $8.02 Billion | $1.08 Billion | $33.34 Billion | ▼ -2.4 pp |
| 2015 | 89.0% | $10.03 Billion | $1.11 Billion | $36.44 Billion | ▼ -2.3 pp |
| 2014 | 91.2% | $12.39 Billion | $1.09 Billion | $35.78 Billion | ▼ -0.4 pp |
| 2013 | 91.6% | $13.31 Billion | $1.11 Billion | $31.75 Billion | ▲ +4.0 pp |
| 2012 | 87.7% | $9.77 Billion | $1.21 Billion | $24.56 Billion | ▼ -0.9 pp |
| 2011 | 88.5% | $7.83 Billion | $899.00 Million | $25.14 Billion | ▲ +1.2 pp |
| 2010 | 87.3% | $7.89 Billion | $999.00 Million | $21.34 Billion | ▲ +2.0 pp |
| 2009 | 85.4% | $6.78 Billion | $991.00 Million | $17.93 Billion | ▲ +2.9 pp |
| 2008 | 82.5% | $6.34 Billion | $1.11 Billion | $18.82 Billion | ▼ -17.1 pp |
| 2007 | 99.6% | $9.05 Billion | $39.58 Million | $12.43 Billion | ▲ +0.6 pp |
| 2006 | 99.0% | $2.60 Billion | $25.92 Million | $4.24 Billion | ▲ +0.3 pp |
| 2005 | 98.7% | $1.80 Billion | $23.40 Million | $3.97 Billion | ▼ -1.3 pp |
| 2004 | 100.0% | $1.41 Billion | $0.00 | $2.26 Billion | ▲ +0.0 pp |
| 2003 | 100.0% | $121.15 Million | $0.00 | $355.98 Million | ▲ +0.0 pp |
| 1994 | 100.0% | $8.27 Million | $0.00 | $233.63 Million | ▲ +0.0 pp |
| 1993 | 100.0% | $236.10 Million | $0.00 | $503.00 Million | ▲ +0.0 pp |
| 1992 | 100.0% | $221.90 Million | $0.00 | $503.30 Million | ▲ +0.0 pp |
| 1991 | 100.0% | $225.70 Million | $0.00 | $517.10 Million | ▲ +0.0 pp |
| 1990 | 100.0% | $260.90 Million | $0.00 | $536.70 Million | ▲ +0.0 pp |
| 1989 | 100.0% | $280.00 Million | $0.00 | $555.10 Million | ▲ +0.0 pp |
| 1988 | 100.0% | $285.50 Million | $0.00 | $550.70 Million | ▲ +0.0 pp |
| 1987 | 100.0% | $305.70 Million | $0.00 | $534.30 Million | ▲ +0.0 pp |
| 1986 | 100.0% | $91.90 Million | $0.00 | $153.20 Million | — |