Micware Co., Ltd. American Depositary Shares (MWC) — Tangible Net Worth Ratio
Micware Co., Ltd. American Depositary Shares (MWC) has a Tangible Net Worth Ratio of 97.6% as of February 2026. This metric is calculated by deducting intangible assets ($206.92 Million) from net assets ($8.61 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 Micware Co., Ltd. American Depositary Sh net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Micware Co., Ltd. American Depositary Shares Tangible Net Worth Ratio (2024–2026)
This chart shows how Micware Co., Ltd. American Depositary Shares's Tangible Net Worth Ratio has changed across 3 annual periods from 2024 to 2026. As of February 2026, the ratio stands at 97.6%, reflecting net assets of $8.61 Billion with intangible assets of $206.92 Million USD. For live market cap and overall valuation, see MWC market cap overview.
Annual Tangible Net Worth Ratio for Micware Co., Ltd. American Depositary Shares (2024–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Micware Co., Ltd. American Depositary Shares from 2024 to 2026, covering 3 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 how much does Micware Co., Ltd. American Depositary Sh reinvest in capital 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 | 97.6% | $8.61 Billion | $206.92 Million | $24.44 Billion | ▼ -1.1 pp |
| 2025 | 98.7% | $6.78 Billion | $87.77 Million | $22.97 Billion | ▲ +1.0 pp |
| 2024 | 97.7% | $4.65 Billion | $105.49 Million | $15.71 Billion | — |