The a2 Milk Company Ltd (A2M) — Net Asset Quality Index
The a2 Milk Company Ltd (A2M) has a Net Asset Quality Index of 54.7% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of AU$1.96 Billion minus total liabilities of AU$887.30 Million yields net assets of AU$1.07 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read total liabilities of The a2 Milk Company Ltd for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
The a2 Milk Company Ltd Net Asset Quality Index Over Time (2004–2026)
This chart shows how The a2 Milk Company Ltd's Net Asset Quality Index has evolved across 21 annual periods from 2004 to 2026. As of June 2026, the index stands at 54.7%, representing net assets of AU$1.07 Billion against total assets of AU$1.96 Billion AUD. For live market cap and overall valuation, see A2M market cap overview.
Annual Net Asset Quality Index for The a2 Milk Company Ltd (2004–2026)
The table below presents the year-by-year Net Asset Quality Index for The a2 Milk Company Ltd from 2004 to 2026, covering 21 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check The a2 Milk Company Ltd strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (AUD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 54.7% | AU$1.07 Billion | AU$1.96 Billion | AU$887.30 Million | ▼ -18.9 pp |
| 2025 | 73.7% | AU$1.43 Billion | AU$1.94 Billion | AU$511.37 Million | ▲ +1.2 pp |
| 2024 | 72.4% | AU$1.26 Billion | AU$1.73 Billion | AU$478.10 Million | ▲ +1.1 pp |
| 2023 | 71.3% | AU$1.15 Billion | AU$1.61 Billion | AU$462.21 Million | ▲ +1.7 pp |
| 2022 | 69.6% | AU$1.19 Billion | AU$1.72 Billion | AU$521.89 Million | ▼ -9.4 pp |
| 2021 | 79.0% | AU$1.08 Billion | AU$1.37 Billion | AU$288.05 Million | ▲ +1.0 pp |
| 2020 | 78.0% | AU$1.13 Billion | AU$1.45 Billion | AU$319.25 Million | ▼ -0.2 pp |
| 2019 | 78.2% | AU$787.85 Million | AU$1.01 Billion | AU$219.12 Million | ▲ +0.7 pp |
| 2018 | 77.6% | AU$555.71 Million | AU$716.22 Million | AU$160.51 Million | ▲ +7.3 pp |
| 2017 | 70.2% | AU$241.58 Million | AU$343.93 Million | AU$102.35 Million | ▲ +6.9 pp |
| 2016 | 63.3% | AU$133.08 Million | AU$210.15 Million | AU$77.07 Million | ▼ -2.6 pp |
| 2015 | 66.0% | AU$58.63 Million | AU$88.87 Million | AU$30.24 Million | ▼ -10.5 pp |
| 2014 | 76.5% | AU$58.64 Million | AU$76.64 Million | AU$18.00 Million | ▼ -6.3 pp |
| 2013 | 82.8% | AU$59.93 Million | AU$72.40 Million | AU$12.47 Million | ▲ +7.6 pp |
| 2012 | 75.2% | AU$37.35 Million | AU$49.67 Million | AU$12.32 Million | ▼ -1.8 pp |
| 2011 | 76.9% | AU$25.18 Million | AU$32.73 Million | AU$7.55 Million | ▼ -10.9 pp |
| 2010 | 87.8% | AU$7.27 Million | AU$8.27 Million | AU$1.01 Million | ▲ +1031.3 pp |
| 2008 | -943.4% | AU$-7.62 Million | AU$808.02K | AU$8.43 Million | ▼ -905.6 pp |
| 2007 | -37.8% | AU$-1.38 Million | AU$3.64 Million | AU$5.02 Million | ▲ +57.3 pp |
| 2005 | -95.1% | AU$-223.76K | AU$235.31K | AU$459.07K | ▼ -174.3 pp |
| 2004 | 79.2% | AU$5.43 Million | AU$6.86 Million | AU$1.43 Million | — |