Qantas Airways Ltd (QAN) — Net Asset Quality Index
Qantas Airways Ltd (QAN) has a Net Asset Quality Index of 5.6% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of AU$23.89 Billion minus total liabilities of AU$22.55 Billion yields net assets of AU$1.35 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See QAN defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
Qantas Airways Ltd Net Asset Quality Index Over Time (1994–2025)
This chart shows how Qantas Airways Ltd's Net Asset Quality Index has evolved across 32 annual periods from 1994 to 2025. As of December 2025, the index stands at 5.6%, representing net assets of AU$1.35 Billion against total assets of AU$23.89 Billion AUD. Explore QAN cash flow conversion to assess how effectively this company generates cash.
Annual Net Asset Quality Index for Qantas Airways Ltd (1994–2025)
The table below presents the year-by-year Net Asset Quality Index for Qantas Airways Ltd from 1994 to 2025, covering 32 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 market value of Qantas Airways Ltd.
| Year | Quality Index | Net Assets (AUD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 3.4% | AU$783.00 Million | AU$23.36 Billion | AU$22.57 Billion | ▲ +1.9 pp |
| 2024 | 1.4% | AU$294.00 Million | AU$20.56 Billion | AU$20.27 Billion | ▲ +1.4 pp |
| 2023 | 0.0% | AU$10.00 Million | AU$20.35 Billion | AU$20.34 Billion | ▲ +1.0 pp |
| 2022 | -1.0% | AU$-190.00 Million | AU$19.65 Billion | AU$19.84 Billion | ▼ -3.5 pp |
| 2021 | 2.5% | AU$443.00 Million | AU$17.81 Billion | AU$17.36 Billion | ▼ -5.1 pp |
| 2020 | 7.6% | AU$1.53 Billion | AU$20.03 Billion | AU$18.50 Billion | ▼ -7.1 pp |
| 2019 | 14.7% | AU$3.01 Billion | AU$20.54 Billion | AU$17.52 Billion | ▼ -6.5 pp |
| 2018 | 21.2% | AU$3.96 Billion | AU$18.65 Billion | AU$14.69 Billion | ▲ +0.7 pp |
| 2017 | 20.6% | AU$3.54 Billion | AU$17.22 Billion | AU$13.68 Billion | ▲ +1.0 pp |
| 2016 | 19.5% | AU$3.26 Billion | AU$16.70 Billion | AU$13.45 Billion | ▼ -0.1 pp |
| 2015 | 19.7% | AU$3.45 Billion | AU$17.53 Billion | AU$14.08 Billion | ▲ +3.1 pp |
| 2014 | 16.5% | AU$2.87 Billion | AU$17.32 Billion | AU$14.45 Billion | ▼ -12.6 pp |
| 2013 | 29.2% | AU$5.84 Billion | AU$20.03 Billion | AU$14.19 Billion | ▲ +1.3 pp |
| 2012 | 27.8% | AU$5.89 Billion | AU$21.18 Billion | AU$15.29 Billion | ▼ -1.7 pp |
| 2011 | 29.5% | AU$6.15 Billion | AU$20.86 Billion | AU$14.71 Billion | ▼ -0.6 pp |
| 2010 | 30.0% | AU$5.98 Billion | AU$19.91 Billion | AU$13.93 Billion | ▲ +1.3 pp |
| 2009 | 28.8% | AU$5.76 Billion | AU$20.05 Billion | AU$14.28 Billion | ▼ -0.4 pp |
| 2008 | 29.1% | AU$5.73 Billion | AU$19.70 Billion | AU$13.97 Billion | ▼ -2.5 pp |
| 2007 | 31.6% | AU$6.20 Billion | AU$19.61 Billion | AU$13.41 Billion | ▼ -0.1 pp |
| 2006 | 31.7% | AU$6.08 Billion | AU$19.18 Billion | AU$13.10 Billion | ▼ -3.7 pp |
| 2005 | 35.4% | AU$6.43 Billion | AU$18.13 Billion | AU$11.71 Billion | ▲ +2.2 pp |
| 2004 | 33.2% | AU$5.84 Billion | AU$17.57 Billion | AU$11.73 Billion | ▲ +2.2 pp |
| 2003 | 31.0% | AU$5.26 Billion | AU$16.97 Billion | AU$11.71 Billion | ▲ +2.3 pp |
| 2002 | 28.7% | AU$4.25 Billion | AU$14.80 Billion | AU$10.55 Billion | ▲ +2.2 pp |
| 2001 | 26.5% | AU$3.32 Billion | AU$12.51 Billion | AU$9.20 Billion | ▲ +2.6 pp |
| 2000 | 23.9% | AU$2.86 Billion | AU$12.01 Billion | AU$9.14 Billion | ▼ -3.4 pp |
| 1999 | 27.3% | AU$3.06 Billion | AU$11.23 Billion | AU$8.17 Billion | ▼ -1.3 pp |
| 1998 | 28.6% | AU$2.96 Billion | AU$10.36 Billion | AU$7.40 Billion | ▲ +1.7 pp |
| 1997 | 26.9% | AU$2.67 Billion | AU$9.91 Billion | AU$7.24 Billion | ▲ +0.5 pp |
| 1996 | 26.4% | AU$2.44 Billion | AU$9.22 Billion | AU$6.79 Billion | ▲ +0.9 pp |
| 1995 | 25.5% | AU$2.28 Billion | AU$8.93 Billion | AU$6.65 Billion | ▼ -0.9 pp |
| 1994 | 26.4% | AU$2.17 Billion | AU$8.21 Billion | AU$6.05 Billion | — |