Cellcom Israel Ltd (CEL) — Tangible Net Worth Ratio
Cellcom Israel Ltd (CEL) has a Tangible Net Worth Ratio of 100.0% as of September 2025. This metric is calculated by deducting intangible assets (ILA0.00) from net assets (ILA2.67 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 Cellcom Israel Ltd short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Cellcom Israel Ltd Tangible Net Worth Ratio (2004–2024)
This chart shows how Cellcom Israel Ltd's Tangible Net Worth Ratio has changed across 21 annual periods from 2004 to 2024. As of September 2025, the ratio stands at 100.0%, reflecting net assets of ILA2.67 Billion with intangible assets of ILA0.00 ILA. See Cellcom Israel Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Cellcom Israel Ltd (2004–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Cellcom Israel Ltd from 2004 to 2024, covering 21 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 CEL market cap.
| Year | Tangible NW Ratio | Net Assets (ILA) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 77.8% | ILA2.45 Billion | ILA545.00 Million | ILA6.50 Billion | ▲ +3.5 pp |
| 2023 | 74.3% | ILA2.26 Billion | ILA582.00 Million | ILA6.62 Billion | ▲ +2.4 pp |
| 2022 | 71.9% | ILA2.10 Billion | ILA591.00 Million | ILA7.00 Billion | ▲ +1.4 pp |
| 2021 | 70.5% | ILA1.92 Billion | ILA566.00 Million | ILA6.57 Billion | ▲ +3.8 pp |
| 2020 | 66.8% | ILA1.88 Billion | ILA625.00 Million | ILA7.16 Billion | ▼ -7.5 pp |
| 2019 | 74.3% | ILA1.89 Billion | ILA485.00 Million | ILA7.16 Billion | ▲ +3.5 pp |
| 2018 | 70.8% | ILA1.68 Billion | ILA489.00 Million | ILA6.75 Billion | ▲ +2.1 pp |
| 2017 | 68.7% | ILA1.44 Billion | ILA451.00 Million | ILA6.09 Billion | ▼ -3.2 pp |
| 2016 | 71.9% | ILA1.34 Billion | ILA377.00 Million | ILA6.66 Billion | ▲ +7.6 pp |
| 2015 | 64.2% | ILA1.19 Billion | ILA424.00 Million | ILA6.28 Billion | ▲ +8.6 pp |
| 2014 | 55.6% | ILA1.09 Billion | ILA485.00 Million | ILA7.24 Billion | ▲ +34.5 pp |
| 2013 | 21.1% | ILA710.00 Million | ILA560.00 Million | ILA7.58 Billion | ▲ +58.1 pp |
| 2012 | -37.0% | ILA500.00 Million | ILA685.00 Million | ILA8.79 Billion | ▲ +761.4 pp |
| 2011 | -798.4% | ILA187.00 Million | ILA1.68 Billion | ILA8.56 Billion | ▼ -871.0 pp |
| 2010 | 72.6% | ILA1.10 Billion | ILA301.28 Million | ILA1.68 Billion | ▲ +162.7 pp |
| 2009 | -90.1% | ILA374.00 Million | ILA711.00 Million | ILA6.38 Billion | ▲ +7.7 pp |
| 2008 | -97.8% | ILA340.52 Million | ILA673.48 Million | ILA5.40 Billion | ▼ -115.4 pp |
| 2007 | 17.6% | ILA832.85 Million | ILA686.33 Million | ILA6.29 Billion | ▲ +66.5 pp |
| 2006 | -48.9% | ILA307.51 Million | ILA458.00 Million | ILA4.91 Billion | ▼ -136.4 pp |
| 2005 | 87.5% | ILA3.90 Billion | ILA489.00 Million | ILA7.50 Billion | ▲ +3.2 pp |
| 2004 | 84.2% | ILA3.15 Billion | ILA496.00 Million | ILA5.29 Billion | — |