Air Liquide SA (AI) — Tangible Net Worth Ratio
Air Liquide SA (AI) has a Tangible Net Worth Ratio of 94.2% as of December 2025. This metric is calculated by deducting intangible assets (€1.56 Billion) from net assets (€26.95 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 working capital to net assets of Air Liquide SA to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Air Liquide SA Tangible Net Worth Ratio (2003–2025)
This chart shows how Air Liquide SA's Tangible Net Worth Ratio has changed across 23 annual periods from 2003 to 2025. As of December 2025, the ratio stands at 94.2%, reflecting net assets of €26.95 Billion with intangible assets of €1.56 Billion EUR. See Air Liquide SA (AI) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Air Liquide SA (2003–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Air Liquide SA from 2003 to 2025, covering 23 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 Liquide SA stock valuation.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 94.2% | €26.95 Billion | €1.56 Billion | €51.91 Billion | ▲ +0.3 pp |
| 2024 | 93.9% | €27.62 Billion | €1.69 Billion | €51.87 Billion | ▲ +0.4 pp |
| 2023 | 93.5% | €25.04 Billion | €1.63 Billion | €48.33 Billion | ▲ +0.9 pp |
| 2022 | 92.6% | €24.57 Billion | €1.81 Billion | €49.52 Billion | ▼ -0.8 pp |
| 2021 | 93.4% | €22.00 Billion | €1.45 Billion | €46.78 Billion | ▲ +0.8 pp |
| 2020 | 92.6% | €19.00 Billion | €1.40 Billion | €41.98 Billion | ▲ +0.7 pp |
| 2019 | 92.0% | €19.32 Billion | €1.55 Billion | €43.67 Billion | ▲ +0.7 pp |
| 2018 | 91.2% | €18.21 Billion | €1.60 Billion | €41.98 Billion | ▲ +0.9 pp |
| 2017 | 90.4% | €16.72 Billion | €1.61 Billion | €41.03 Billion | ▲ +1.4 pp |
| 2016 | 89.0% | €17.12 Billion | €1.89 Billion | €44.12 Billion | ▼ -4.4 pp |
| 2015 | 93.4% | €12.77 Billion | €849.10 Million | €28.94 Billion | ▼ -0.2 pp |
| 2014 | 93.5% | €11.83 Billion | €764.50 Million | €26.72 Billion | ▲ +0.1 pp |
| 2013 | 93.4% | €10.89 Billion | €713.20 Million | €25.09 Billion | ▲ +0.4 pp |
| 2012 | 93.0% | €10.44 Billion | €726.50 Million | €25.00 Billion | ▼ -0.6 pp |
| 2011 | 93.6% | €10.00 Billion | €638.20 Million | €24.12 Billion | ▲ +1.0 pp |
| 2010 | 92.6% | €9.11 Billion | €670.10 Million | €22.54 Billion | ▲ +1.4 pp |
| 2009 | 91.3% | €7.75 Billion | €676.00 Million | €20.63 Billion | ▲ +1.5 pp |
| 2008 | 89.8% | €7.01 Billion | €716.00 Million | €20.60 Billion | ▲ +0.7 pp |
| 2007 | 89.1% | €6.48 Billion | €706.00 Million | €18.29 Billion | ▼ -5.3 pp |
| 2006 | 94.4% | €6.57 Billion | €367.20 Million | €16.30 Billion | ▲ +0.6 pp |
| 2005 | 93.8% | €6.21 Billion | €386.00 Million | €16.29 Billion | ▲ +2.0 pp |
| 2004 | 91.8% | €5.72 Billion | €471.30 Million | €14.43 Billion | ▼ -4.2 pp |
| 2003 | 96.0% | €5.54 Billion | €224.00 Million | €11.00 Billion | — |