Air France-KLM SA (AF) — Tangible Net Worth Ratio
Air France-KLM SA (AF) has a Tangible Net Worth Ratio of 34.4% as of March 2026. This metric is calculated by deducting intangible assets (€1.21 Billion) from net assets (€1.84 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 AF current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Air France-KLM SA Tangible Net Worth Ratio (2002–2025)
This chart shows how Air France-KLM SA's Tangible Net Worth Ratio has changed across 19 annual periods from 2002 to 2025. As of March 2026, the ratio stands at 34.4%, reflecting net assets of €1.84 Billion with intangible assets of €1.21 Billion EUR. See Air France-KLM SA defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Air France-KLM SA (2002–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Air France-KLM SA from 2002 to 2025, covering 19 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 Air France-KLM SA (AF) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -10.7% | €1.08 Billion | €1.20 Billion | €39.45 Billion | ▲ +33.2 pp |
| 2024 | -43.9% | €799.00 Million | €1.15 Billion | €36.16 Billion | ▼ -87.2 pp |
| 2019 | 43.2% | €2.30 Billion | €1.30 Billion | €30.73 Billion | ▲ +7.3 pp |
| 2018 | 36.0% | €1.86 Billion | €1.19 Billion | €29.06 Billion | ▼ -26.8 pp |
| 2017 | 62.8% | €3.02 Billion | €1.12 Billion | €24.41 Billion | ▲ +45.0 pp |
| 2016 | 17.7% | €1.30 Billion | €1.07 Billion | €22.93 Billion | ▲ +290.6 pp |
| 2015 | -272.9% | €273.00 Million | €1.02 Billion | €23.34 Billion | ▼ -333.8 pp |
| 2013 | 60.9% | €2.29 Billion | €896.00 Million | €25.42 Billion | ▼ -22.2 pp |
| 2012 | 83.1% | €4.98 Billion | €842.00 Million | €27.47 Billion | ▼ -4.2 pp |
| 2011 | 87.3% | €6.09 Billion | €774.00 Million | €27.32 Billion | ▼ -2.6 pp |
| 2010 | 89.9% | €6.91 Billion | €695.00 Million | €28.97 Billion | ▲ +1.2 pp |
| 2009 | 88.7% | €5.42 Billion | €612.00 Million | €27.77 Billion | ▼ -1.4 pp |
| 2008 | 90.2% | €5.68 Billion | €559.00 Million | €28.77 Billion | ▼ -5.4 pp |
| 2007 | 95.5% | €10.61 Billion | €475.00 Million | €30.69 Billion | ▲ +0.6 pp |
| 2006 | 95.0% | €8.41 Billion | €424.00 Million | €26.67 Billion | ▲ +15.5 pp |
| 2005 | 79.5% | €7.85 Billion | €1.61 Billion | €26.48 Billion | ▼ -17.5 pp |
| 2004 | 97.0% | €5.23 Billion | €159.00 Million | €21.51 Billion | ▲ +0.6 pp |
| 2003 | 96.4% | €4.08 Billion | €149.00 Million | €12.96 Billion | ▲ +3.4 pp |
| 2002 | 93.0% | €4.02 Billion | €282.26 Million | €12.59 Billion | — |