Masan Group Corp (MSN) — Tangible Net Worth Ratio
Masan Group Corp (MSN) has a Tangible Net Worth Ratio of 72.9% as of June 2025. This metric is calculated by deducting intangible assets (₫11.28 Trillion) from net assets (₫41.64 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. See how liquid is Masan Group Corp's working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Masan Group Corp Tangible Net Worth Ratio (2019–2024)
This chart shows how Masan Group Corp's Tangible Net Worth Ratio has changed across 6 annual periods from 2019 to 2024. As of June 2025, the ratio stands at 72.9%, reflecting net assets of ₫41.64 Trillion with intangible assets of ₫11.28 Trillion VND. See Masan Group Corp defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Masan Group Corp (2019–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Masan Group Corp from 2019 to 2024, 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. For the full company profile including market capitalisation, see market cap of Masan Group Corp.
| Year | Tangible NW Ratio | Net Assets (VND) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 77.8% | ₫40.75 Trillion | ₫9.06 Trillion | ₫147.58 Trillion | ▲ +7.6 pp |
| 2023 | 70.2% | ₫38.24 Trillion | ₫11.40 Trillion | ₫147.38 Trillion | ▲ +2.4 pp |
| 2022 | 67.8% | ₫36.64 Trillion | ₫11.81 Trillion | ₫141.34 Trillion | ▼ -7.5 pp |
| 2021 | 75.3% | ₫42.34 Trillion | ₫10.46 Trillion | ₫126.09 Trillion | ▲ +33.4 pp |
| 2020 | 41.9% | ₫25.03 Trillion | ₫14.54 Trillion | ₫115.74 Trillion | ▼ -37.1 pp |
| 2019 | 79.0% | ₫51.89 Trillion | ₫10.87 Trillion | ₫97.30 Trillion | — |