Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) — Tangible Net Worth Ratio
Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) has a Tangible Net Worth Ratio of 97.5% as of September 2025. This metric is calculated by deducting intangible assets (zł68.08 Million) from net assets (zł2.75 Billion) 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 Grupa Azoty Zaklady Azotowe Pulawy SA 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
Grupa Azoty Zaklady Azotowe Pulawy SA Tangible Net Worth Ratio (2004–2024)
This chart shows how Grupa Azoty Zaklady Azotowe Pulawy SA's Tangible Net Worth Ratio has changed across 21 annual periods from 2004 to 2024. As of September 2025, the ratio stands at 97.5%, reflecting net assets of zł2.75 Billion with intangible assets of zł68.08 Million PLN. See Grupa Azoty Zaklady Azotowe Pulawy SA liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Grupa Azoty Zaklady Azotowe Pulawy SA (2004–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Grupa Azoty Zaklady Azotowe Pulawy SA from 2004 to 2024, covering 21 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 ZAP stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (PLN) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 96.2% | zł2.98 Billion | zł113.14 Million | zł6.56 Billion | ▼ -2.1 pp |
| 2023 | 98.3% | zł3.34 Billion | zł56.62 Million | zł6.91 Billion | ▲ +1.0 pp |
| 2022 | 97.3% | zł3.96 Billion | zł106.03 Million | zł7.41 Billion | ▼ -1.0 pp |
| 2021 | 98.3% | zł3.80 Billion | zł65.01 Million | zł7.33 Billion | ▼ -0.1 pp |
| 2020 | 98.3% | zł3.58 Billion | zł59.16 Million | zł5.52 Billion | ▼ -0.2 pp |
| 2019 | 98.6% | zł3.47 Billion | zł48.92 Million | zł5.07 Billion | ▲ +0.1 pp |
| 2018 | 98.4% | zł3.21 Billion | zł49.90 Million | zł4.42 Billion | ▲ +0.1 pp |
| 2017 | 98.3% | zł3.19 Billion | zł54.40 Million | zł4.26 Billion | ▼ 0.0 pp |
| 2016 | 98.3% | zł3.10 Billion | zł52.50 Million | zł4.00 Billion | ▲ +0.0 pp |
| 2015 | 98.3% | zł3.04 Billion | zł52.57 Million | zł3.86 Billion | ▲ +0.0 pp |
| 2014 | 98.3% | zł2.73 Billion | zł47.51 Million | zł3.54 Billion | ▼ -0.1 pp |
| 2013 | 98.4% | zł2.68 Billion | zł44.14 Million | zł3.42 Billion | ▲ +0.1 pp |
| 2012 | 98.3% | zł2.67 Billion | zł45.59 Million | zł3.41 Billion | ▲ +2.8 pp |
| 2011 | 95.5% | zł2.46 Billion | zł111.72 Million | zł3.22 Billion | ▼ -1.8 pp |
| 2010 | 97.3% | zł1.94 Billion | zł53.18 Million | zł2.52 Billion | ▼ -0.4 pp |
| 2009 | 97.7% | zł1.65 Billion | zł38.06 Million | zł2.04 Billion | ▼ -1.5 pp |
| 2008 | 99.2% | zł1.77 Billion | zł13.74 Million | zł2.19 Billion | ▲ +20.9 pp |
| 2007 | 78.3% | zł1.64 Billion | zł355.29 Million | zł2.08 Billion | ▲ +1.8 pp |
| 2006 | 76.4% | zł1.54 Billion | zł362.97 Million | zł1.97 Billion | ▼ -0.8 pp |
| 2005 | 77.2% | zł1.26 Billion | zł286.02 Million | zł1.68 Billion | ▼ -22.8 pp |
| 2004 | 100.0% | zł1.17 Billion | zł0.00 | zł1.64 Billion | — |