Joint Stock Company Kaspi.kz (KSPI) — Tangible Net Worth Ratio
Joint Stock Company Kaspi.kz (KSPI) has a Tangible Net Worth Ratio of 84.6% as of December 2025. This metric is calculated by deducting intangible assets ($400.46 Billion) from net assets ($2.60 Trillion) 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 Joint Stock Company Kaspi.kz current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Joint Stock Company Kaspi.kz Tangible Net Worth Ratio (2019–2025)
This chart shows how Joint Stock Company Kaspi.kz's Tangible Net Worth Ratio has changed across 7 annual periods from 2019 to 2025. As of December 2025, the ratio stands at 84.6%, reflecting net assets of $2.60 Trillion with intangible assets of $400.46 Billion USD. See operational self-sufficiency of Joint Stock Company Kaspi.kz to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Joint Stock Company Kaspi.kz (2019–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Joint Stock Company Kaspi.kz from 2019 to 2025, covering 7 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 Joint Stock Company Kaspi.kz (KSPI) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 84.6% | $2.60 Trillion | $400.46 Billion | $11.07 Trillion | ▼ -10.6 pp |
| 2024 | 95.2% | $1.57 Trillion | $76.08 Billion | $8.38 Trillion | ▼ -2.0 pp |
| 2023 | 97.1% | $1.10 Trillion | $31.62 Billion | $6.82 Trillion | ▼ -1.0 pp |
| 2022 | 98.1% | $825.69 Billion | $15.30 Billion | $5.12 Trillion | ▲ +0.9 pp |
| 2021 | 97.2% | $504.69 Billion | $14.14 Billion | $3.61 Trillion | ▼ -0.3 pp |
| 2020 | 97.5% | $394.66 Billion | $9.83 Billion | $2.81 Trillion | ▲ +0.3 pp |
| 2019 | 97.2% | $295.62 Billion | $8.21 Billion | $2.19 Trillion | — |