Spineway (ALSPW) — Tangible Net Worth Ratio
Spineway (ALSPW) has a Tangible Net Worth Ratio of 84.4% as of December 2025. This metric is calculated by deducting intangible assets (€3.60 Million) from net assets (€23.06 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 Spineway (ALSPW) 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
Spineway Tangible Net Worth Ratio (2009–2025)
This chart shows how Spineway's Tangible Net Worth Ratio has changed across 17 annual periods from 2009 to 2025. As of December 2025, the ratio stands at 84.4%, reflecting net assets of €23.06 Million with intangible assets of €3.60 Million EUR. See operational self-sufficiency of Spineway to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Spineway (2009–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Spineway from 2009 to 2025, covering 17 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 Spineway stock valuation.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 84.4% | €23.06 Million | €3.60 Million | €29.46 Million | ▼ -0.7 pp |
| 2024 | 85.1% | €24.24 Million | €3.61 Million | €30.41 Million | ▲ +5.4 pp |
| 2023 | 79.7% | €19.05 Million | €3.86 Million | €26.31 Million | ▼ -2.5 pp |
| 2022 | 82.3% | €22.01 Million | €3.90 Million | €27.70 Million | ▼ -7.9 pp |
| 2021 | 90.2% | €20.88 Million | €2.04 Million | €25.57 Million | ▲ +2.9 pp |
| 2020 | 87.3% | €10.02 Million | €1.27 Million | €14.75 Million | ▼ -6.3 pp |
| 2019 | 93.6% | €6.49 Million | €418.00K | €12.77 Million | ▲ +0.0 pp |
| 2018 | 93.5% | €945.00K | €61.00K | €7.43 Million | ▲ +8.0 pp |
| 2017 | 85.6% | €1.77 Million | €256.00K | €9.91 Million | ▼ -6.5 pp |
| 2016 | 92.1% | €1.30 Million | €103.00K | €9.45 Million | ▼ -7.2 pp |
| 2015 | 99.3% | €3.02 Million | €20.54K | €8.96 Million | ▲ +2.0 pp |
| 2014 | 97.4% | €4.62 Million | €122.42K | €11.24 Million | ▲ +0.3 pp |
| 2013 | 97.1% | €5.12 Million | €150.33K | €9.31 Million | ▲ +14.3 pp |
| 2012 | 82.8% | €1.16 Million | €200.59K | €4.91 Million | ▼ -16.1 pp |
| 2011 | 98.9% | €844.99K | €9.52K | €3.74 Million | ▲ +1.0 pp |
| 2010 | 97.8% | €506.00K | €11.00K | €2.49 Million | ▼ -0.6 pp |
| 2009 | 98.4% | €450.00K | €7.00K | €2.06 Million | — |