Photon Energy N.V. (PEN) — Tangible Net Worth Ratio
Photon Energy N.V. (PEN) has a Tangible Net Worth Ratio of 80.1% as of December 2025. This metric is calculated by deducting intangible assets (zł10.40 Million) from net assets (zł52.37 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 how liquid is Photon Energy N.V.'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
Photon Energy N.V. Tangible Net Worth Ratio (2011–2025)
This chart shows how Photon Energy N.V.'s Tangible Net Worth Ratio has changed across 15 annual periods from 2011 to 2025. As of December 2025, the ratio stands at 80.1%, reflecting net assets of zł52.37 Million with intangible assets of zł10.40 Million PLN. See how many days can Photon Energy N.V. fund operations to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Photon Energy N.V. (2011–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Photon Energy N.V. from 2011 to 2025, covering 15 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 PEN market cap.
| Year | Tangible NW Ratio | Net Assets (PLN) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 80.1% | zł52.37 Million | zł10.40 Million | zł270.93 Million | ▼ -2.1 pp |
| 2024 | 82.3% | zł60.06 Million | zł10.63 Million | zł272.84 Million | ▼ -6.1 pp |
| 2023 | 88.4% | zł69.50 Million | zł8.06 Million | zł277.42 Million | ▼ -1.0 pp |
| 2022 | 89.4% | zł70.47 Million | zł7.48 Million | zł253.81 Million | ▼ -9.0 pp |
| 2021 | 98.4% | zł51.54 Million | zł844.00K | zł196.62 Million | ▲ +1.5 pp |
| 2020 | 96.9% | zł40.08 Million | zł1.26 Million | zł158.90 Million | ▼ -0.7 pp |
| 2019 | 97.6% | zł37.84 Million | zł923.00K | zł138.26 Million | ▼ -2.4 pp |
| 2018 | 100.0% | zł29.78 Million | zł0.00 | zł106.35 Million | ▲ +0.0 pp |
| 2017 | 100.0% | zł25.98 Million | zł0.00 | zł89.69 Million | ▲ +0.0 pp |
| 2016 | 100.0% | zł24.18 Million | zł0.00 | zł87.12 Million | ▲ +0.0 pp |
| 2015 | 100.0% | zł28.54 Million | zł0.00 | zł89.95 Million | ▲ +0.0 pp |
| 2014 | 100.0% | zł28.18 Million | zł0.00 | zł93.54 Million | ▲ +0.0 pp |
| 2013 | 100.0% | zł26.72 Million | zł0.00 | zł90.66 Million | ▲ +0.0 pp |
| 2012 | 100.0% | zł14.48 Million | zł0.00 | zł115.14 Million | ▲ +0.0 pp |
| 2011 | 100.0% | zł17.49 Million | zł0.00 | zł102.33 Million | — |