Bluescope Steel Ltd (BSL) — Net Asset Quality Index
Bluescope Steel Ltd (BSL) has a Net Asset Quality Index of 72.3% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of AU$15.78 Billion minus total liabilities of AU$4.37 Billion yields net assets of AU$11.42 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read BSL total liabilities for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Bluescope Steel Ltd Net Asset Quality Index Over Time (2002–2025)
This chart shows how Bluescope Steel Ltd's Net Asset Quality Index has evolved across 24 annual periods from 2002 to 2025. As of December 2025, the index stands at 72.3%, representing net assets of AU$11.42 Billion against total assets of AU$15.78 Billion AUD. For live market cap and overall valuation, see BSL market cap overview.
Annual Net Asset Quality Index for Bluescope Steel Ltd (2002–2025)
The table below presents the year-by-year Net Asset Quality Index for Bluescope Steel Ltd from 2002 to 2025, covering 24 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 BSL capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (AUD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 71.4% | AU$11.27 Billion | AU$15.78 Billion | AU$4.51 Billion | ▼ -0.6 pp |
| 2024 | 72.0% | AU$11.29 Billion | AU$15.68 Billion | AU$4.39 Billion | ▲ +2.8 pp |
| 2023 | 69.2% | AU$11.03 Billion | AU$15.94 Billion | AU$4.90 Billion | ▲ +6.3 pp |
| 2022 | 62.9% | AU$10.45 Billion | AU$16.61 Billion | AU$6.16 Billion | ▲ +0.8 pp |
| 2021 | 62.1% | AU$8.16 Billion | AU$13.15 Billion | AU$4.99 Billion | ▲ +1.2 pp |
| 2020 | 60.9% | AU$7.04 Billion | AU$11.56 Billion | AU$4.52 Billion | ▼ -1.9 pp |
| 2019 | 62.8% | AU$7.34 Billion | AU$11.70 Billion | AU$4.35 Billion | ▼ -0.2 pp |
| 2018 | 63.0% | AU$6.89 Billion | AU$10.93 Billion | AU$4.04 Billion | ▲ +5.2 pp |
| 2017 | 57.8% | AU$5.54 Billion | AU$9.58 Billion | AU$4.04 Billion | ▲ +3.4 pp |
| 2016 | 54.5% | AU$4.99 Billion | AU$9.15 Billion | AU$4.16 Billion | ▼ -5.7 pp |
| 2015 | 60.2% | AU$4.74 Billion | AU$7.88 Billion | AU$3.14 Billion | ▲ +0.9 pp |
| 2014 | 59.3% | AU$4.46 Billion | AU$7.52 Billion | AU$3.06 Billion | ▼ -1.6 pp |
| 2013 | 60.8% | AU$4.46 Billion | AU$7.33 Billion | AU$2.87 Billion | ▲ +4.7 pp |
| 2012 | 56.1% | AU$3.78 Billion | AU$6.73 Billion | AU$2.95 Billion | ▼ -0.3 pp |
| 2011 | 56.4% | AU$4.40 Billion | AU$7.79 Billion | AU$3.40 Billion | ▼ -7.6 pp |
| 2010 | 64.0% | AU$5.76 Billion | AU$9.00 Billion | AU$3.24 Billion | ▲ +0.1 pp |
| 2009 | 63.9% | AU$5.66 Billion | AU$8.86 Billion | AU$3.20 Billion | ▲ +17.3 pp |
| 2008 | 46.6% | AU$3.94 Billion | AU$8.47 Billion | AU$4.52 Billion | ▼ -4.9 pp |
| 2007 | 51.5% | AU$3.87 Billion | AU$7.51 Billion | AU$3.64 Billion | ▲ +9.0 pp |
| 2006 | 42.5% | AU$3.08 Billion | AU$7.26 Billion | AU$4.18 Billion | ▼ -11.7 pp |
| 2005 | 54.2% | AU$3.50 Billion | AU$6.46 Billion | AU$2.96 Billion | ▼ -1.1 pp |
| 2004 | 55.2% | AU$3.19 Billion | AU$5.78 Billion | AU$2.59 Billion | ▼ -9.8 pp |
| 2003 | 65.0% | AU$3.09 Billion | AU$4.75 Billion | AU$1.66 Billion | ▲ +44.4 pp |
| 2002 | 20.6% | AU$771.70 Million | AU$3.74 Billion | AU$2.97 Billion | — |