Sandoz Group AG (SDZ) — Tangible Net Worth Ratio
Sandoz Group AG (SDZ) has a Tangible Net Worth Ratio of 80.1% as of December 2025. This metric is calculated by deducting intangible assets (CHF1.87 Billion) from net assets (CHF9.38 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 SDZ working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Sandoz Group AG Tangible Net Worth Ratio (2020–2025)
This chart shows how Sandoz Group AG's Tangible Net Worth Ratio has changed across 6 annual periods from 2020 to 2025. As of December 2025, the ratio stands at 80.1%, reflecting net assets of CHF9.38 Billion with intangible assets of CHF1.87 Billion CHF. See SDZ defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Sandoz Group AG (2020–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Sandoz Group AG from 2020 to 2025, covering 6 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 Sandoz Group AG (SDZ) total market value.
| Year | Tangible NW Ratio | Net Assets (CHF) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 80.1% | CHF9.38 Billion | CHF1.87 Billion | CHF22.03 Billion | ▼ -1.8 pp |
| 2024 | 81.9% | CHF8.16 Billion | CHF1.48 Billion | CHF19.91 Billion | ▼ -2.9 pp |
| 2023 | 84.8% | CHF8.65 Billion | CHF1.31 Billion | CHF19.43 Billion | ▲ +1884893.9 pp |
| 2022 | -1884809.1% | CHF77.14K | CHF1.45 Billion | CHF100.00K | ▼ -1884909.1 pp |
| 2021 | 100.0% | CHF7.44 Billion | CHF0.00 | CHF15.98 Billion | ▲ +0.0 pp |
| 2020 | 100.0% | CHF6.83 Billion | CHF0.00 | CHF15.86 Billion | — |