Orange S.A. (ORA) — Tangible Net Worth Ratio
Orange S.A. (ORA) has a Tangible Net Worth Ratio of 56.3% as of December 2025. This metric is calculated by deducting intangible assets (€12.51 Billion) from net assets (€28.66 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 how liquid is Orange S.A.'s working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Orange S.A. Tangible Net Worth Ratio (1997–2025)
This chart shows how Orange S.A.'s Tangible Net Worth Ratio has changed across 28 annual periods from 1997 to 2025. As of December 2025, the ratio stands at 56.3%, reflecting net assets of €28.66 Billion with intangible assets of €12.51 Billion EUR. See defensive interval ratio of Orange S.A. to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Orange S.A. (1997–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Orange S.A. from 1997 to 2025, covering 28 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 Orange S.A. (ORA) total market value.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 56.3% | €28.66 Billion | €12.51 Billion | €110.80 Billion | ▼ -8.2 pp |
| 2024 | 64.6% | €35.16 Billion | €12.46 Billion | €103.87 Billion | ▲ +7.6 pp |
| 2023 | 57.0% | €35.10 Billion | €15.10 Billion | €110.05 Billion | ▲ +83.8 pp |
| 2022 | -26.8% | €30.01 Billion | €38.06 Billion | €113.17 Billion | ▲ +4.2 pp |
| 2021 | -31.0% | €29.86 Billion | €39.13 Billion | €111.32 Billion | ▲ +5.1 pp |
| 2020 | -36.1% | €31.40 Billion | €42.73 Billion | €110.92 Billion | ▲ +12.0 pp |
| 2019 | -48.1% | €28.61 Billion | €42.38 Billion | €110.11 Billion | ▼ -105.8 pp |
| 2018 | 57.7% | €33.25 Billion | €14.07 Billion | €96.59 Billion | ▲ +0.5 pp |
| 2017 | 57.2% | €33.51 Billion | €14.34 Billion | €95.35 Billion | ▲ +0.4 pp |
| 2016 | 56.9% | €33.84 Billion | €14.60 Billion | €95.41 Billion | ▼ -0.1 pp |
| 2015 | 56.9% | €33.27 Billion | €14.33 Billion | €91.43 Billion | ▼ -5.8 pp |
| 2014 | 62.7% | €31.70 Billion | €11.81 Billion | €88.40 Billion | ▲ +7.3 pp |
| 2013 | 55.4% | €26.33 Billion | €11.74 Billion | €85.83 Billion | ▲ +0.2 pp |
| 2012 | 55.2% | €26.38 Billion | €11.82 Billion | €89.98 Billion | ▼ -6.5 pp |
| 2011 | 61.7% | €29.59 Billion | €11.34 Billion | €96.08 Billion | ▼ -2.5 pp |
| 2010 | 64.2% | €31.55 Billion | €11.30 Billion | €94.28 Billion | ▲ +0.3 pp |
| 2009 | 63.9% | €28.75 Billion | €10.38 Billion | €92.04 Billion | ▲ +10.2 pp |
| 2008 | 53.7% | €31.27 Billion | €14.49 Billion | €95.52 Billion | ▲ +2.2 pp |
| 2007 | 51.5% | €34.38 Billion | €16.68 Billion | €101.34 Billion | ▲ +10.6 pp |
| 2006 | 40.9% | €31.64 Billion | €18.71 Billion | €103.17 Billion | ▲ +7.2 pp |
| 2005 | 33.7% | €28.42 Billion | €18.85 Billion | €109.27 Billion | ▲ +12.9 pp |
| 2004 | 20.8% | €19.72 Billion | €15.62 Billion | €96.25 Billion | ▲ +156.4 pp |
| 2003 | -135.6% | €17.96 Billion | €42.32 Billion | €99.66 Billion | ▼ -53.5 pp |
| 2001 | -82.1% | €29.24 Billion | €53.24 Billion | €127.58 Billion | ▼ -33.4 pp |
| 2000 | -48.7% | €35.29 Billion | €52.48 Billion | €129.94 Billion | ▼ -138.2 pp |
| 1999 | 89.5% | €20.29 Billion | €2.13 Billion | €54.10 Billion | ▼ -2.0 pp |
| 1998 | 91.5% | €17.79 Billion | €1.52 Billion | €46.21 Billion | ▼ -3.8 pp |
| 1997 | 95.2% | €14.33 Billion | €680.91 Million | €42.31 Billion | — |