Guangdong Provincial Expressway Development Co Ltd (200429) — Tangible Net Worth Ratio
Guangdong Provincial Expressway Development Co Ltd (200429) has a Tangible Net Worth Ratio of 98.8% as of March 2026. This metric is calculated by deducting intangible assets (HK$172.62 Million) from net assets (HK$14.69 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. Also explore Guangdong Provincial Expressway Developm equity growth rate to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Guangdong Provincial Expressway Development Co Ltd Tangible Net Worth Ratio (1994–2025)
This chart shows how Guangdong Provincial Expressway Development Co Ltd's Tangible Net Worth Ratio has changed across 32 annual periods from 1994 to 2025. As of March 2026, the ratio stands at 98.8%, reflecting net assets of HK$14.69 Billion with intangible assets of HK$172.62 Million HKD. For live market cap and overall valuation, see 200429 market cap overview.
Annual Tangible Net Worth Ratio for Guangdong Provincial Expressway Development Co Ltd (1994–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Guangdong Provincial Expressway Development Co Ltd from 1994 to 2025, covering 32 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. Explore 200429 capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (HKD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 98.8% | HK$15.19 Billion | HK$178.78 Million | HK$26.80 Billion | ▲ +0.3 pp |
| 2024 | 98.5% | HK$13.20 Billion | HK$197.69 Million | HK$22.44 Billion | ▲ +0.3 pp |
| 2023 | 98.2% | HK$12.41 Billion | HK$221.33 Million | HK$21.37 Billion | ▲ +0.4 pp |
| 2022 | 97.8% | HK$11.37 Billion | HK$246.77 Million | HK$20.27 Billion | ▲ +0.2 pp |
| 2021 | 97.6% | HK$11.32 Billion | HK$268.50 Million | HK$18.88 Billion | ▲ +0.6 pp |
| 2020 | 97.0% | HK$10.23 Billion | HK$302.38 Million | HK$19.75 Billion | ▼ -2.9 pp |
| 2019 | 99.9% | HK$10.25 Billion | HK$6.39 Million | HK$17.67 Billion | ▼ 0.0 pp |
| 2018 | 99.9% | HK$10.05 Billion | HK$5.74 Million | HK$16.30 Billion | ▲ +0.0 pp |
| 2017 | 99.9% | HK$9.45 Billion | HK$7.10 Million | HK$16.52 Billion | ▼ 0.0 pp |
| 2016 | 99.9% | HK$8.84 Billion | HK$6.14 Million | HK$16.07 Billion | ▼ 0.0 pp |
| 2015 | 99.9% | HK$6.13 Billion | HK$4.10 Million | HK$12.11 Billion | ▲ +0.0 pp |
| 2014 | 99.9% | HK$5.87 Billion | HK$5.05 Million | HK$12.51 Billion | ▲ +0.0 pp |
| 2013 | 99.9% | HK$5.05 Billion | HK$5.33 Million | HK$12.69 Billion | ▲ +0.8 pp |
| 2012 | 99.1% | HK$5.11 Billion | HK$45.47 Million | HK$13.15 Billion | ▲ +0.2 pp |
| 2011 | 98.9% | HK$4.76 Billion | HK$53.17 Million | HK$11.80 Billion | ▲ +0.1 pp |
| 2010 | 98.8% | HK$4.80 Billion | HK$59.24 Million | HK$10.53 Billion | ▲ +0.4 pp |
| 2009 | 98.3% | HK$4.01 Billion | HK$66.34 Million | HK$8.92 Billion | ▲ +0.3 pp |
| 2008 | 98.1% | HK$3.81 Billion | HK$72.89 Million | HK$7.26 Billion | ▲ +2.9 pp |
| 2007 | 95.2% | HK$3.78 Billion | HK$180.36 Million | HK$5.80 Billion | ▼ -0.2 pp |
| 2006 | 95.5% | HK$4.38 Billion | HK$198.13 Million | HK$6.67 Billion | ▲ +0.6 pp |
| 2005 | 94.9% | HK$4.25 Billion | HK$215.90 Million | HK$6.80 Billion | ▲ +0.2 pp |
| 2004 | 94.8% | HK$4.36 Billion | HK$228.35 Million | HK$6.81 Billion | ▲ +0.5 pp |
| 2003 | 94.3% | HK$4.28 Billion | HK$245.70 Million | HK$6.66 Billion | ▼ -0.6 pp |
| 2002 | 94.9% | HK$4.02 Billion | HK$206.18 Million | HK$6.14 Billion | ▼ -2.1 pp |
| 2001 | 96.9% | HK$3.94 Billion | HK$121.08 Million | HK$5.78 Billion | ▼ -3.1 pp |
| 2000 | 100.0% | HK$3.37 Billion | HK$0.00 | HK$3.79 Billion | ▲ +0.0 pp |
| 1999 | 100.0% | HK$2.55 Billion | HK$0.00 | HK$3.06 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | HK$2.35 Billion | HK$0.00 | HK$2.59 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | HK$1.74 Billion | HK$0.00 | HK$1.91 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | HK$1.70 Billion | HK$0.00 | HK$1.81 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | HK$1.07 Billion | HK$0.00 | HK$1.20 Billion | ▲ +0.0 pp |
| 1994 | 100.0% | HK$1.06 Billion | HK$0.00 | HK$1.17 Billion | — |