H & M Hennes & Mauritz AB (publ) (HM-B) — Tangible Net Worth Ratio
H & M Hennes & Mauritz AB (publ) (HM-B) has a Tangible Net Worth Ratio of 78.2% as of May 2026. This metric is calculated by deducting intangible assets (Skr7.38 Billion) from net assets (Skr33.92 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 net asset momentum of H & M Hennes & Mauritz AB (publ) to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
H & M Hennes & Mauritz AB (publ) Tangible Net Worth Ratio (2004–2025)
This chart shows how H & M Hennes & Mauritz AB (publ)'s Tangible Net Worth Ratio has changed across 22 annual periods from 2004 to 2025. As of May 2026, the ratio stands at 78.2%, reflecting net assets of Skr33.92 Billion with intangible assets of Skr7.38 Billion SEK. For live market cap and overall valuation, see HM-B stock market capitalisation.
Annual Tangible Net Worth Ratio for H & M Hennes & Mauritz AB (publ) (2004–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for H & M Hennes & Mauritz AB (publ) from 2004 to 2025, covering 22 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 HM-B capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (SEK) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 84.3% | Skr42.95 Billion | Skr6.73 Billion | Skr170.27 Billion | ▲ +1.0 pp |
| 2024 | 83.3% | Skr46.21 Billion | Skr7.72 Billion | Skr180.21 Billion | ▲ +1.6 pp |
| 2023 | 81.7% | Skr47.60 Billion | Skr8.71 Billion | Skr181.27 Billion | ▼ -0.4 pp |
| 2022 | 82.1% | Skr50.76 Billion | Skr9.09 Billion | Skr182.05 Billion | ▼ -2.1 pp |
| 2021 | 84.2% | Skr60.02 Billion | Skr9.49 Billion | Skr179.78 Billion | ▲ +3.2 pp |
| 2020 | 81.0% | Skr54.62 Billion | Skr10.37 Billion | Skr174.37 Billion | ▲ +1.0 pp |
| 2019 | 80.1% | Skr57.07 Billion | Skr11.38 Billion | Skr120.48 Billion | ▼ -3.6 pp |
| 2018 | 83.7% | Skr58.55 Billion | Skr9.55 Billion | Skr118.79 Billion | ▼ -4.6 pp |
| 2017 | 88.3% | Skr59.71 Billion | Skr6.98 Billion | Skr106.56 Billion | ▼ -3.1 pp |
| 2016 | 91.4% | Skr61.24 Billion | Skr5.28 Billion | Skr98.58 Billion | ▼ -1.6 pp |
| 2015 | 93.0% | Skr58.05 Billion | Skr4.05 Billion | Skr85.81 Billion | ▼ -1.4 pp |
| 2014 | 94.4% | Skr51.56 Billion | Skr2.90 Billion | Skr75.60 Billion | ▼ -0.7 pp |
| 2013 | 95.1% | Skr45.25 Billion | Skr2.21 Billion | Skr65.68 Billion | ▼ -2.9 pp |
| 2012 | 98.0% | Skr43.84 Billion | Skr863.00 Million | Skr60.17 Billion | ▲ +0.2 pp |
| 2011 | 97.8% | Skr44.10 Billion | Skr971.00 Million | Skr60.19 Billion | ▲ +0.4 pp |
| 2010 | 97.4% | Skr44.17 Billion | Skr1.13 Billion | Skr59.18 Billion | ▼ -1.6 pp |
| 2009 | 99.0% | Skr40.61 Billion | Skr396.00 Million | Skr54.36 Billion | ▲ +2.0 pp |
| 2008 | 97.0% | Skr36.95 Billion | Skr1.10 Billion | Skr51.24 Billion | ▼ -2.2 pp |
| 2007 | 99.2% | Skr32.09 Billion | Skr266.00 Million | Skr41.73 Billion | ▼ 0.0 pp |
| 2006 | 99.2% | Skr27.78 Billion | Skr222.00 Million | Skr35.55 Billion | ▼ -0.8 pp |
| 2005 | 100.0% | Skr25.92 Billion | Skr0.00 | Skr33.18 Billion | ▲ +0.5 pp |
| 2004 | 99.5% | Skr22.21 Billion | Skr101.40 Million | Skr28.13 Billion | — |