The a2 Milk Company Ltd (A2M) — Net Asset Quality Index
The a2 Milk Company Ltd (A2M) has a Net Asset Quality Index of 75.1% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of AU$1.85 Billion minus total liabilities of AU$459.58 Million yields net assets of AU$1.39 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check A2M asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
The a2 Milk Company Ltd Net Asset Quality Index Over Time (2004–2025)
This chart shows how The a2 Milk Company Ltd's Net Asset Quality Index has evolved across 20 annual periods from 2004 to 2025. As of December 2025, the index stands at 75.1%, representing net assets of AU$1.39 Billion against total assets of AU$1.85 Billion AUD. See The a2 Milk Company Ltd (A2M) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for The a2 Milk Company Ltd (2004–2025)
The table below presents the year-by-year Net Asset Quality Index for The a2 Milk Company Ltd from 2004 to 2025, covering 20 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. For market capitalisation and the full company profile, see A2M market cap overview.
| Year | Quality Index | Net Assets (AUD) | Total Assets | Total Liabilities | Change (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 | — |