SOUTH32 Ltd (S32) — Net Asset Quality Index
SOUTH32 Ltd (S32) has a Net Asset Quality Index of 67.1% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of AU$13.80 Billion minus total liabilities of AU$4.54 Billion yields net assets of AU$9.26 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check SOUTH32 Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
SOUTH32 Ltd Net Asset Quality Index Over Time (2012–2025)
This chart shows how SOUTH32 Ltd's Net Asset Quality Index has evolved across 14 annual periods from 2012 to 2025. As of December 2025, the index stands at 67.1%, representing net assets of AU$9.26 Billion against total assets of AU$13.80 Billion AUD. See how liquid is SOUTH32 Ltd's working capital to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for SOUTH32 Ltd (2012–2025)
The table below presents the year-by-year Net Asset Quality Index for SOUTH32 Ltd from 2012 to 2025, covering 14 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 SOUTH32 Ltd market cap and net worth.
| Year | Quality Index | Net Assets (AUD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 64.5% | AU$8.86 Billion | AU$13.73 Billion | AU$4.87 Billion | ▲ +1.5 pp |
| 2024 | 63.0% | AU$8.97 Billion | AU$14.24 Billion | AU$5.27 Billion | ▼ -1.4 pp |
| 2023 | 64.4% | AU$9.38 Billion | AU$14.56 Billion | AU$5.19 Billion | ▼ -1.6 pp |
| 2022 | 66.0% | AU$10.78 Billion | AU$16.34 Billion | AU$5.56 Billion | ▼ -1.6 pp |
| 2021 | 67.6% | AU$8.95 Billion | AU$13.24 Billion | AU$4.29 Billion | ▼ -2.0 pp |
| 2020 | 69.6% | AU$9.56 Billion | AU$13.74 Billion | AU$4.17 Billion | ▲ +0.5 pp |
| 2019 | 69.1% | AU$10.17 Billion | AU$14.71 Billion | AU$4.55 Billion | ▼ -1.7 pp |
| 2018 | 70.8% | AU$10.71 Billion | AU$15.13 Billion | AU$4.42 Billion | ▲ +1.3 pp |
| 2017 | 69.5% | AU$10.23 Billion | AU$14.73 Billion | AU$4.50 Billion | ▼ -1.0 pp |
| 2016 | 70.5% | AU$9.42 Billion | AU$13.37 Billion | AU$3.95 Billion | ▼ -0.8 pp |
| 2015 | 71.2% | AU$11.04 Billion | AU$15.49 Billion | AU$4.45 Billion | ▲ +21.4 pp |
| 2014 | 49.9% | AU$9.82 Billion | AU$19.69 Billion | AU$9.87 Billion | ▼ -1.9 pp |
| 2013 | 51.8% | AU$10.12 Billion | AU$19.54 Billion | AU$9.42 Billion | ▼ -5.7 pp |
| 2012 | 57.5% | AU$13.81 Billion | AU$24.01 Billion | AU$10.20 Billion | — |