Millicom International Cellular SA (TIGO) — Tangible Net Worth Ratio
Millicom International Cellular SA (TIGO) has a Tangible Net Worth Ratio of -252.6% as of June 2026. This metric is calculated by deducting intangible assets ($8.79 Billion) from net assets ($2.49 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 TIGO 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
Millicom International Cellular SA Tangible Net Worth Ratio (1993–2025)
This chart shows how Millicom International Cellular SA's Tangible Net Worth Ratio has changed across 31 annual periods from 1993 to 2025. As of June 2026, the ratio stands at -252.6%, reflecting net assets of $2.49 Billion with intangible assets of $8.79 Billion USD. For live market cap and overall valuation, see market cap of Millicom International Cellular SA.
Annual Tangible Net Worth Ratio for Millicom International Cellular SA (1993–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Millicom International Cellular SA from 1993 to 2025, 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. Explore TIGO capital reinvestment ratio 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) |
|---|---|---|---|---|---|
| 2025 | -116.5% | $3.62 Billion | $7.84 Billion | $17.25 Billion | ▼ -137.8 pp |
| 2024 | 21.3% | $3.57 Billion | $2.81 Billion | $13.74 Billion | ▲ +28.0 pp |
| 2023 | -6.8% | $3.44 Billion | $3.68 Billion | $14.52 Billion | ▼ -15.9 pp |
| 2022 | 9.1% | $3.63 Billion | $3.30 Billion | $14.20 Billion | ▲ +35.4 pp |
| 2021 | -26.3% | $2.74 Billion | $3.46 Billion | $15.14 Billion | ▼ -49.6 pp |
| 2020 | 23.3% | $2.27 Billion | $1.74 Billion | $12.42 Billion | ▼ -20.4 pp |
| 2019 | 43.8% | $2.68 Billion | $1.51 Billion | $12.89 Billion | ▼ -9.8 pp |
| 2018 | 53.6% | $2.79 Billion | $1.30 Billion | $10.31 Billion | ▼ -26.1 pp |
| 2017 | 79.7% | $3.28 Billion | $666.00 Million | $9.46 Billion | ▲ +1.8 pp |
| 2016 | 77.9% | $3.37 Billion | $744.00 Million | $9.63 Billion | ▼ -1.5 pp |
| 2015 | 79.4% | $3.73 Billion | $769.00 Million | $10.39 Billion | ▲ +44.7 pp |
| 2014 | 34.7% | $3.73 Billion | $2.44 Billion | $13.42 Billion | ▼ -11.5 pp |
| 2013 | 46.1% | $2.08 Billion | $1.12 Billion | $8.77 Billion | ▼ -14.9 pp |
| 2012 | 61.0% | $2.34 Billion | $911.00 Million | $7.95 Billion | ▲ +49.7 pp |
| 2011 | 11.3% | $2.45 Billion | $2.17 Billion | $7.28 Billion | ▲ +6.8 pp |
| 2010 | 4.5% | $2.39 Billion | $2.28 Billion | $7.00 Billion | ▼ -50.3 pp |
| 2009 | 54.8% | $2.31 Billion | $1.04 Billion | $5.99 Billion | ▼ -16.0 pp |
| 2008 | 70.8% | $1.65 Billion | $483.06 Million | $5.22 Billion | ▼ -8.5 pp |
| 2007 | 79.3% | $1.37 Billion | $283.64 Million | $4.41 Billion | ▲ +28.5 pp |
| 2006 | 50.8% | $582.39 Million | $286.60 Million | $3.32 Billion | ▲ +62.6 pp |
| 2005 | -11.8% | $333.78 Million | $373.25 Million | $2.56 Billion | ▲ +1.6 pp |
| 2004 | -13.4% | $280.44 Million | $317.97 Million | $2.05 Billion | ▲ +187.1 pp |
| 2001 | -200.5% | $79.16 Million | $237.83 Million | $1.87 Billion | ▼ -217.1 pp |
| 2000 | 16.6% | $348.86 Million | $290.96 Million | $2.12 Billion | ▲ +32.3 pp |
| 1999 | -15.7% | $299.12 Million | $346.02 Million | $1.64 Billion | ▲ +5.8 pp |
| 1998 | -21.5% | $289.86 Million | $352.10 Million | $1.62 Billion | ▼ -121.5 pp |
| 1997 | 100.0% | $112.70 Million | $0.00 | $1.27 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | $148.80 Million | $0.00 | $1.06 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | $167.50 Million | $0.00 | $475.40 Million | ▲ +0.0 pp |
| 1994 | 100.0% | $126.00 Million | $0.00 | $340.40 Million | ▲ +0.0 pp |
| 1993 | 100.0% | $92.30 Million | $0.00 | $243.70 Million | — |