PAN Group JSC (PAN) — Tangible Net Worth Ratio
PAN Group JSC (PAN) has a Tangible Net Worth Ratio of 77.0% as of December 2025. This metric is calculated by deducting intangible assets (₫2.09 Trillion) from net assets (₫9.08 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 PAN Group JSC current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
PAN Group JSC Tangible Net Worth Ratio (2019–2025)
This chart shows how PAN Group JSC's Tangible Net Worth Ratio has changed across 7 annual periods from 2019 to 2025. As of December 2025, the ratio stands at 77.0%, reflecting net assets of ₫9.08 Trillion with intangible assets of ₫2.09 Trillion VND. See defensive interval ratio of PAN Group JSC to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for PAN Group JSC (2019–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for PAN Group JSC from 2019 to 2025, covering 7 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 PAN Group JSC (PAN) total market value.
| Year | Tangible NW Ratio | Net Assets (VND) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 77.0% | ₫9.08 Trillion | ₫2.09 Trillion | ₫15.71 Trillion | ▼ -0.1 pp |
| 2024 | 77.1% | ₫8.86 Trillion | ₫2.03 Trillion | ₫23.84 Trillion | ▼ -1.9 pp |
| 2023 | 79.0% | ₫8.34 Trillion | ₫1.75 Trillion | ₫20.19 Trillion | ▲ +2.2 pp |
| 2022 | 76.8% | ₫7.88 Trillion | ₫1.83 Trillion | ₫16.08 Trillion | ▼ -1.0 pp |
| 2021 | 77.8% | ₫7.58 Trillion | ₫1.68 Trillion | ₫15.02 Trillion | ▲ +5.8 pp |
| 2020 | 72.1% | ₫6.17 Trillion | ₫1.73 Trillion | ₫11.34 Trillion | ▲ +2.6 pp |
| 2019 | 69.4% | ₫6.15 Trillion | ₫1.88 Trillion | ₫10.76 Trillion | — |