Pierre et Vacances SA (VAC) — Tangible Net Worth Ratio
Pierre et Vacances SA (VAC) has a Tangible Net Worth Ratio of 48.0% as of September 2019. This metric is calculated by deducting intangible assets (€130.68 Million) from net assets (€251.45 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 Pierre et Vacances SA short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Pierre et Vacances SA Tangible Net Worth Ratio (2004–2019)
This chart shows how Pierre et Vacances SA's Tangible Net Worth Ratio has changed across 16 annual periods from 2004 to 2019. As of September 2019, the ratio stands at 48.0%, reflecting net assets of €251.45 Million with intangible assets of €130.68 Million EUR. See operational self-sufficiency of Pierre et Vacances SA to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Pierre et Vacances SA (2004–2019)
The table below presents the year-by-year Tangible Net Worth Ratio for Pierre et Vacances SA from 2004 to 2019, covering 16 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 VAC market cap.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2019 | 48.0% | €251.45 Million | €130.68 Million | €1.52 Billion | ▼ -8.4 pp |
| 2018 | 56.4% | €285.81 Million | €124.61 Million | €1.49 Billion | ▼ -6.2 pp |
| 2017 | 62.6% | €326.88 Million | €122.15 Million | €1.49 Billion | ▼ -5.1 pp |
| 2016 | 67.7% | €378.92 Million | €122.41 Million | €1.45 Billion | ▲ +0.6 pp |
| 2015 | 67.1% | €364.17 Million | €119.81 Million | €1.40 Billion | ▼ -0.1 pp |
| 2014 | 67.2% | €374.31 Million | €122.73 Million | €1.59 Billion | ▼ -1.8 pp |
| 2013 | 69.0% | €396.94 Million | €122.90 Million | €1.64 Billion | ▼ -5.2 pp |
| 2012 | 74.2% | €450.22 Million | €116.21 Million | €1.58 Billion | ▼ -2.6 pp |
| 2011 | 76.8% | €493.74 Million | €114.37 Million | €1.68 Billion | ▼ -0.9 pp |
| 2010 | 77.7% | €486.85 Million | €108.59 Million | €1.55 Billion | ▲ +8.6 pp |
| 2009 | 69.1% | €490.95 Million | €151.93 Million | €1.51 Billion | ▼ -0.9 pp |
| 2008 | 69.9% | €470.03 Million | €141.41 Million | €1.69 Billion | ▲ +2.0 pp |
| 2007 | 67.9% | €425.32 Million | €136.34 Million | €1.49 Billion | ▲ +2.1 pp |
| 2006 | 65.9% | €368.84 Million | €125.93 Million | €1.28 Billion | ▲ +2.0 pp |
| 2005 | 63.9% | €336.95 Million | €121.71 Million | €1.41 Billion | ▼ -5.6 pp |
| 2004 | 69.4% | €314.71 Million | €96.20 Million | €1.18 Billion | — |