SES AI Corp (SES) — Tangible Net Worth Ratio
SES AI Corp (SES) has a Tangible Net Worth Ratio of 98.6% as of March 2026. This metric is calculated by deducting intangible assets ($2.75 Million) from net assets ($203.25 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 SES working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
SES AI Corp Tangible Net Worth Ratio (2008–2025)
This chart shows how SES AI Corp's Tangible Net Worth Ratio has changed across 15 annual periods from 2008 to 2025. As of March 2026, the ratio stands at 98.6%, reflecting net assets of $203.25 Million with intangible assets of $2.75 Million USD. See SES cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for SES AI Corp (2008–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for SES AI Corp from 2008 to 2025, covering 15 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 SES market cap.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 98.7% | $214.75 Million | $2.81 Million | $272.65 Million | ▼ -0.9 pp |
| 2024 | 99.6% | $278.31 Million | $1.22 Million | $329.79 Million | ▼ -0.1 pp |
| 2023 | 99.6% | $358.95 Million | $1.34 Million | $406.81 Million | ▲ +0.0 pp |
| 2022 | 99.6% | $391.54 Million | $1.47 Million | $440.44 Million | ▲ +19.0 pp |
| 2018 | 80.6% | $5.35 Million | $1.04 Million | $14.31 Million | ▼ -12.5 pp |
| 2017 | 93.1% | $14.29 Million | $984.00K | $15.33 Million | ▼ -4.7 pp |
| 2016 | 97.8% | $41.74 Million | $898.00K | $55.18 Million | ▼ -0.6 pp |
| 2015 | 98.4% | $59.81 Million | $939.00K | $73.75 Million | ▼ -0.3 pp |
| 2014 | 98.8% | $81.90 Million | $1.00 Million | $91.70 Million | ▲ +0.2 pp |
| 2013 | 98.6% | $79.20 Million | $1.10 Million | $88.40 Million | ▼ 0.0 pp |
| 2012 | 98.6% | $80.80 Million | $1.10 Million | $92.80 Million | ▼ -0.1 pp |
| 2011 | 98.8% | $97.50 Million | $1.20 Million | $110.00 Million | ▲ +0.7 pp |
| 2010 | 98.1% | $104.60 Million | $2.00 Million | $120.60 Million | ▼ -0.8 pp |
| 2009 | 98.9% | $123.80 Million | $1.40 Million | $146.10 Million | ▼ -0.1 pp |
| 2008 | 99.0% | $150.50 Million | $1.50 Million | $177.70 Million | — |