IHS Holding Ltd (IHS) — Tangible Net Worth Ratio
IHS Holding Ltd (IHS) has a Tangible Net Worth Ratio of -1757.5% as of September 2025. This metric is calculated by deducting intangible assets ($707.70 Million) from net assets ($38.10 Million) 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 IHS working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
IHS Holding Ltd Tangible Net Worth Ratio (2010–2023)
This chart shows how IHS Holding Ltd's Tangible Net Worth Ratio has changed across 14 annual periods from 2010 to 2023. As of September 2025, the ratio stands at -1757.5%, reflecting net assets of $38.10 Million with intangible assets of $707.70 Million USD. See how many days can IHS Holding Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for IHS Holding Ltd (2010–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for IHS Holding Ltd from 2010 to 2023, covering 14 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 IHS Holding Ltd market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | -168.6% | $347.35 Million | $933.03 Million | $5.36 Billion | ▼ -191.5 pp |
| 2022 | 22.9% | $1.36 Billion | $1.05 Billion | $6.32 Billion | ▼ -28.6 pp |
| 2021 | 51.5% | $1.74 Billion | $845.73 Million | $5.54 Billion | ▲ +7.9 pp |
| 2020 | 43.6% | $1.22 Billion | $690.84 Million | $4.45 Billion | ▼ -25.0 pp |
| 2019 | 68.6% | $1.43 Billion | $449.63 Million | $4.16 Billion | ▲ +4.5 pp |
| 2018 | 64.1% | $1.33 Billion | $478.85 Million | $3.82 Billion | ▼ -1.1 pp |
| 2017 | 65.1% | $1.47 Billion | $513.28 Million | $4.00 Billion | ▲ +5.0 pp |
| 2016 | 60.1% | $1.50 Billion | $597.38 Million | $4.05 Billion | ▼ -13.1 pp |
| 2015 | 73.1% | $2.50 Billion | $669.91 Million | $4.62 Billion | ▲ +23.7 pp |
| 2014 | 49.5% | $2.16 Billion | $1.09 Billion | $5.35 Billion | ▲ +9.5 pp |
| 2013 | 40.0% | $1.91 Billion | $1.14 Billion | $5.36 Billion | ▼ -25.0 pp |
| 2012 | 65.0% | $1.58 Billion | $554.55 Million | $3.55 Billion | ▲ +2.2 pp |
| 2011 | 62.8% | $1.38 Billion | $514.95 Million | $3.07 Billion | ▲ +36.9 pp |
| 2010 | 25.9% | $519.20 Million | $384.57 Million | $552.73 Million | — |