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. Also explore net asset momentum of Mineros SA to track the company's year-over-year net asset growth rate.
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. For live market cap and overall valuation, see MSA market cap overview.
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. Explore Mineros SA capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| 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 | — |