TTW PCL (F1P) — Tangible Net Worth Ratio
TTW PCL (F1P) has a Tangible Net Worth Ratio of 94.9% as of September 2025. This metric is calculated by deducting intangible assets (€804.46 Million) from net assets (€15.83 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 TTW PCL working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
TTW PCL Tangible Net Worth Ratio (2018–2024)
This chart shows how TTW PCL's Tangible Net Worth Ratio has changed across 7 annual periods from 2018 to 2024. As of September 2025, the ratio stands at 94.9%, reflecting net assets of €15.83 Billion with intangible assets of €804.46 Million EUR. See F1P defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for TTW PCL (2018–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for TTW PCL from 2018 to 2024, covering 7 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 market value of TTW PCL.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 94.7% | €15.71 Billion | €833.74 Million | €20.20 Billion | ▲ +0.1 pp |
| 2023 | 94.6% | €15.28 Billion | €827.58 Million | €20.28 Billion | ▲ +1.5 pp |
| 2022 | 93.1% | €14.75 Billion | €1.02 Billion | €21.49 Billion | ▲ +2.0 pp |
| 2021 | 91.1% | €14.20 Billion | €1.26 Billion | €22.50 Billion | ▲ +2.1 pp |
| 2020 | 89.0% | €13.70 Billion | €1.50 Billion | €22.84 Billion | ▲ +2.3 pp |
| 2019 | 86.7% | €13.12 Billion | €1.75 Billion | €23.16 Billion | ▲ +2.7 pp |
| 2018 | 84.0% | €12.36 Billion | €1.98 Billion | €23.33 Billion | — |