Telenor ASA (TEL) — Tangible Net Worth Ratio
Telenor ASA (TEL) has a Tangible Net Worth Ratio of 85.4% as of June 2025. This metric is calculated by deducting intangible assets (Nkr9.45 Billion) from net assets (Nkr64.57 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 TEL net 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
Telenor ASA Tangible Net Worth Ratio (1999–2024)
This chart shows how Telenor ASA's Tangible Net Worth Ratio has changed across 26 annual periods from 1999 to 2024. As of June 2025, the ratio stands at 85.4%, reflecting net assets of Nkr64.57 Billion with intangible assets of Nkr9.45 Billion NOK. See Telenor ASA (TEL) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Telenor ASA (1999–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Telenor ASA from 1999 to 2024, covering 26 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 Telenor ASA market capitalisation.
| Year | Tangible NW Ratio | Net Assets (NOK) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 88.4% | Nkr82.54 Billion | Nkr9.54 Billion | Nkr229.58 Billion | ▲ +1.6 pp |
| 2023 | 86.8% | Nkr70.43 Billion | Nkr9.28 Billion | Nkr218.38 Billion | ▲ +1.9 pp |
| 2022 | 84.9% | Nkr64.37 Billion | Nkr9.69 Billion | Nkr239.25 Billion | ▲ +17.3 pp |
| 2021 | 67.6% | Nkr31.50 Billion | Nkr10.20 Billion | Nkr225.74 Billion | ▼ -6.8 pp |
| 2020 | 74.4% | Nkr43.91 Billion | Nkr11.22 Billion | Nkr256.53 Billion | ▲ +0.7 pp |
| 2019 | 73.8% | Nkr43.34 Billion | Nkr11.37 Billion | Nkr248.90 Billion | ▲ +40.6 pp |
| 2018 | 33.2% | Nkr54.45 Billion | Nkr36.37 Billion | Nkr191.27 Billion | ▼ -17.7 pp |
| 2017 | 50.9% | Nkr62.34 Billion | Nkr30.60 Billion | Nkr201.77 Billion | ▲ +10.6 pp |
| 2016 | 40.3% | Nkr55.40 Billion | Nkr33.06 Billion | Nkr206.32 Billion | ▲ +4.5 pp |
| 2015 | 35.9% | Nkr63.13 Billion | Nkr40.49 Billion | Nkr204.91 Billion | ▼ -7.2 pp |
| 2014 | 43.0% | Nkr68.50 Billion | Nkr39.02 Billion | Nkr193.75 Billion | ▼ -15.1 pp |
| 2013 | 58.1% | Nkr77.04 Billion | Nkr32.27 Billion | Nkr180.97 Billion | ▼ -4.6 pp |
| 2012 | 62.7% | Nkr77.24 Billion | Nkr28.82 Billion | Nkr169.36 Billion | ▼ -12.3 pp |
| 2011 | 74.9% | Nkr86.90 Billion | Nkr21.77 Billion | Nkr166.34 Billion | ▲ +3.0 pp |
| 2010 | 71.9% | Nkr96.22 Billion | Nkr27.01 Billion | Nkr172.73 Billion | ▲ +5.0 pp |
| 2009 | 66.9% | Nkr85.06 Billion | Nkr28.12 Billion | Nkr166.03 Billion | ▲ +2.1 pp |
| 2008 | 64.8% | Nkr88.57 Billion | Nkr31.15 Billion | Nkr187.17 Billion | ▲ +0.3 pp |
| 2007 | 64.5% | Nkr74.66 Billion | Nkr26.48 Billion | Nkr160.83 Billion | ▲ +8.1 pp |
| 2006 | 56.4% | Nkr62.73 Billion | Nkr27.33 Billion | Nkr148.38 Billion | ▲ +34.8 pp |
| 2005 | 21.7% | Nkr53.47 Billion | Nkr41.89 Billion | Nkr124.24 Billion | ▼ -23.2 pp |
| 2004 | 44.9% | Nkr41.98 Billion | Nkr23.14 Billion | Nkr88.76 Billion | ▼ -19.0 pp |
| 2003 | 63.9% | Nkr41.00 Billion | Nkr14.80 Billion | Nkr86.36 Billion | ▲ +4.3 pp |
| 2002 | 59.6% | Nkr37.21 Billion | Nkr15.02 Billion | Nkr89.29 Billion | ▼ -18.0 pp |
| 2001 | 77.7% | Nkr45.60 Billion | Nkr10.19 Billion | Nkr82.49 Billion | ▼ -3.5 pp |
| 2000 | 81.1% | Nkr38.15 Billion | Nkr7.20 Billion | Nkr93.63 Billion | ▼ -9.7 pp |
| 1999 | 90.8% | Nkr18.79 Billion | Nkr1.72 Billion | Nkr42.43 Billion | — |