VZ Holding AG (VZN) — Tangible Net Worth Ratio
VZ Holding AG (VZN) has a Tangible Net Worth Ratio of 96.7% as of December 2025. This metric is calculated by deducting intangible assets (CHF38.87 Million) from net assets (CHF1.18 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 VZN net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
VZ Holding AG Tangible Net Worth Ratio (2007–2025)
This chart shows how VZ Holding AG's Tangible Net Worth Ratio has changed across 19 annual periods from 2007 to 2025. As of December 2025, the ratio stands at 96.7%, reflecting net assets of CHF1.18 Billion with intangible assets of CHF38.87 Million CHF. See how many days can VZ Holding AG fund operations to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for VZ Holding AG (2007–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for VZ Holding AG from 2007 to 2025, covering 19 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 VZN stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CHF) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 96.7% | CHF1.18 Billion | CHF38.87 Million | CHF8.27 Billion | ▼ -1.0 pp |
| 2024 | 97.7% | CHF1.06 Billion | CHF24.09 Million | CHF7.49 Billion | ▲ +0.5 pp |
| 2023 | 97.2% | CHF926.12 Million | CHF25.61 Million | CHF6.54 Billion | ▲ +2.2 pp |
| 2022 | 95.1% | CHF770.96 Million | CHF38.14 Million | CHF5.95 Billion | ▲ +0.0 pp |
| 2021 | 95.0% | CHF699.68 Million | CHF34.96 Million | CHF5.77 Billion | ▼ -2.8 pp |
| 2020 | 97.8% | CHF616.66 Million | CHF13.44 Million | CHF4.97 Billion | ▼ -0.7 pp |
| 2019 | 98.5% | CHF549.77 Million | CHF8.04 Million | CHF4.06 Billion | ▼ -0.1 pp |
| 2018 | 98.6% | CHF512.27 Million | CHF7.20 Million | CHF3.09 Billion | ▲ +0.4 pp |
| 2017 | 98.2% | CHF459.47 Million | CHF8.08 Million | CHF2.70 Billion | ▲ +0.2 pp |
| 2016 | 98.0% | CHF420.06 Million | CHF8.22 Million | CHF2.43 Billion | ▼ -0.4 pp |
| 2015 | 98.5% | CHF377.17 Million | CHF5.81 Million | CHF2.01 Billion | ▼ -0.3 pp |
| 2014 | 98.8% | CHF318.88 Million | CHF3.80 Million | CHF1.93 Billion | ▲ +0.3 pp |
| 2013 | 98.5% | CHF277.97 Million | CHF4.21 Million | CHF1.46 Billion | ▼ -0.3 pp |
| 2012 | 98.8% | CHF235.00 Million | CHF2.85 Million | CHF1.04 Billion | ▼ -0.2 pp |
| 2011 | 98.9% | CHF200.69 Million | CHF2.11 Million | CHF1.06 Billion | ▼ -0.1 pp |
| 2010 | 99.1% | CHF167.68 Million | CHF1.52 Million | CHF840.27 Million | ▲ +0.1 pp |
| 2009 | 99.0% | CHF133.29 Million | CHF1.30 Million | CHF875.53 Million | ▲ +0.6 pp |
| 2008 | 98.4% | CHF111.62 Million | CHF1.75 Million | CHF771.18 Million | ▲ +0.6 pp |
| 2007 | 97.8% | CHF91.59 Million | CHF1.97 Million | CHF548.70 Million | — |