Summit Midstream Corporation (SMC) — Tangible Net Worth Ratio
Summit Midstream Corporation (SMC) has a Tangible Net Worth Ratio of 85.9% as of December 2025. This metric is calculated by deducting intangible assets ($153.56 Million) from net assets ($1.09 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 SMC 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
Summit Midstream Corporation Tangible Net Worth Ratio (2019–2025)
This chart shows how Summit Midstream Corporation's Tangible Net Worth Ratio has changed across 7 annual periods from 2019 to 2025. As of December 2025, the ratio stands at 85.9%, reflecting net assets of $1.09 Billion with intangible assets of $153.56 Million USD. See SMC days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Summit Midstream Corporation (2019–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Summit Midstream Corporation from 2019 to 2025, covering 7 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 how much is Summit Midstream Corporation worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 85.9% | $1.09 Billion | $153.56 Million | $2.39 Billion | ▲ +1.9 pp |
| 2024 | 84.0% | $965.12 Million | $154.28 Million | $2.36 Billion | ▲ +4.8 pp |
| 2023 | 79.2% | $843.22 Million | $175.59 Million | $2.49 Billion | ▲ +1.7 pp |
| 2022 | 77.5% | $883.40 Million | $198.72 Million | $2.56 Billion | ▼ -5.4 pp |
| 2021 | 82.9% | $1.01 Billion | $172.93 Million | $2.52 Billion | ▲ +2.6 pp |
| 2020 | 80.3% | $1.01 Billion | $199.57 Million | $2.50 Billion | ▼ -10.7 pp |
| 2019 | 91.0% | $2.57 Billion | $232.28 Million | $2.57 Billion | — |