Mineros SA (MSA) — Tangible Net Worth Ratio
Mineros SA (MSA) has a Tangible Net Worth Ratio of 93.9% as of December 2025. This metric is calculated by deducting intangible assets (CA$31.26 Million) from net assets (CA$514.42 Million) 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 MSA 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
Mineros SA Tangible Net Worth Ratio (2009–2025)
This chart shows how Mineros SA's Tangible Net Worth Ratio has changed across 17 annual periods from 2009 to 2025. As of December 2025, the ratio stands at 93.9%, reflecting net assets of CA$514.42 Million with intangible assets of CA$31.26 Million CAD. See defensive interval ratio of Mineros SA to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Mineros SA (2009–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Mineros SA from 2009 to 2025, covering 17 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 Mineros SA stock valuation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 93.9% | CA$514.42 Million | CA$31.26 Million | CA$751.82 Million | ▼ -1.9 pp |
| 2024 | 95.9% | CA$408.55 Million | CA$16.92 Million | CA$582.04 Million | ▼ -0.1 pp |
| 2023 | 96.0% | CA$345.56 Million | CA$13.82 Million | CA$493.76 Million | ▲ +0.0 pp |
| 2022 | 96.0% | CA$346.55 Million | CA$13.90 Million | CA$569.54 Million | ▲ +0.2 pp |
| 2021 | 95.8% | CA$367.53 Million | CA$15.58 Million | CA$580.05 Million | ▲ +8.4 pp |
| 2020 | 87.3% | CA$308.04 Million | CA$39.04 Million | CA$530.63 Million | ▼ -3.6 pp |
| 2019 | 91.0% | CA$277.07 Million | CA$25.05 Million | CA$482.67 Million | ▲ +1.0 pp |
| 2018 | 89.9% | CA$244.37 Million | CA$24.61 Million | CA$439.38 Million | ▲ +14.2 pp |
| 2017 | 75.7% | CA$225.36 Million | CA$54.71 Million | CA$332.32 Million | ▲ +15486.3 pp |
| 2016 | -15410.6% | CA$205.36 Million | CA$31.85 Billion | CA$318.56 Million | ▼ -15510.6 pp |
| 2015 | 100.0% | CA$186.54 Million | CA$0.00 | CA$308.64 Million | ▲ +1.3 pp |
| 2014 | 98.7% | CA$266.65 Million | CA$3.54 Million | CA$360.16 Million | ▲ +0.2 pp |
| 2013 | 98.4% | CA$297.00 Million | CA$4.66 Million | CA$413.73 Million | ▼ -1.6 pp |
| 2012 | 100.0% | CA$302.57 Million | CA$0.00 | CA$344.72 Million | ▲ +0.0 pp |
| 2011 | 100.0% | CA$229.98 Million | CA$0.00 | CA$272.21 Million | ▲ +0.0 pp |
| 2010 | 100.0% | CA$198.71 Million | CA$0.00 | CA$220.96 Million | ▲ +0.0 pp |
| 2009 | 100.0% | CA$152.82 Million | CA$0.00 | CA$175.66 Million | — |