Zscaler Inc (ZS) — Tangible Net Worth Ratio
Zscaler Inc (ZS) has a Tangible Net Worth Ratio of 89.1% as of October 2025. This metric is calculated by deducting intangible assets ($215.29 Million) from net assets ($1.98 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 Zscaler Inc working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Zscaler Inc Tangible Net Worth Ratio (2015–2025)
This chart shows how Zscaler Inc's Tangible Net Worth Ratio has changed across 11 annual periods from 2015 to 2025. As of October 2025, the ratio stands at 89.1%, reflecting net assets of $1.98 Billion with intangible assets of $215.29 Million USD. See ZS defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Zscaler Inc (2015–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Zscaler Inc from 2015 to 2025, 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 Zscaler Inc stock valuation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 97.4% | $1.80 Billion | $47.32 Million | $6.42 Billion | ▲ +2.4 pp |
| 2024 | 95.0% | $1.27 Billion | $63.84 Million | $4.70 Billion | ▼ -1.4 pp |
| 2023 | 96.4% | $725.11 Million | $25.86 Million | $3.61 Billion | ▲ +2.0 pp |
| 2022 | 94.4% | $573.30 Million | $31.82 Million | $2.83 Billion | ▲ +0.5 pp |
| 2021 | 93.9% | $528.89 Million | $32.13 Million | $2.26 Billion | ▼ -1.1 pp |
| 2020 | 95.0% | $484.83 Million | $24.02 Million | $1.83 Billion | ▼ -2.1 pp |
| 2019 | 97.2% | $308.56 Million | $8.71 Million | $604.16 Million | ▼ -2.8 pp |
| 2018 | 100.0% | $240.24 Million | $0.00 | $447.78 Million | ▲ +0.0 pp |
| 2017 | 100.0% | $49.84 Million | $0.00 | $182.90 Million | ▲ +0.0 pp |
| 2016 | 100.0% | $66.67 Million | $0.00 | $153.52 Million | ▲ +0.0 pp |
| 2015 | 100.0% | $70.40 Million | $0.00 | $126.94 Million | — |