Song Hong Garment JSC (MSH) — Tangible Net Worth Ratio
Song Hong Garment JSC (MSH) has a Tangible Net Worth Ratio of 99.7% as of December 2025. This metric is calculated by deducting intangible assets (₫7.17 Billion) from net assets (₫2.21 Trillion) 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 Song Hong Garment JSC (MSH) net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Song Hong Garment JSC Tangible Net Worth Ratio (2020–2025)
This chart shows how Song Hong Garment JSC's Tangible Net Worth Ratio has changed across 6 annual periods from 2020 to 2025. As of December 2025, the ratio stands at 99.7%, reflecting net assets of ₫2.21 Trillion with intangible assets of ₫7.17 Billion VND. For live market cap and overall valuation, see MSH market cap.
Annual Tangible Net Worth Ratio for Song Hong Garment JSC (2020–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Song Hong Garment JSC 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. Explore reinvestment intensity of Song Hong Garment JSC to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (VND) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.0% | ₫2.21 Trillion | ₫22.32 Billion | ₫4.68 Trillion | ▼ -0.6 pp |
| 2024 | 99.6% | ₫2.06 Trillion | ₫8.47 Billion | ₫4.52 Trillion | ▲ +0.2 pp |
| 2023 | 99.4% | ₫1.81 Trillion | ₫10.74 Billion | ₫3.45 Trillion | ▲ +0.0 pp |
| 2022 | 99.4% | ₫1.72 Trillion | ₫10.47 Billion | ₫3.29 Trillion | ▲ +0.0 pp |
| 2021 | 99.4% | ₫1.50 Trillion | ₫9.29 Billion | ₫3.20 Trillion | ▲ +0.3 pp |
| 2020 | 99.1% | ₫1.44 Trillion | ₫12.98 Billion | ₫2.63 Trillion | — |