Transurban Group (TCL) — Net Asset Quality Index
Transurban Group (TCL) has a Net Asset Quality Index of 26.4% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of AU$34.69 Billion minus total liabilities of AU$25.55 Billion yields net assets of AU$9.14 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read TCL total liabilities for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Transurban Group Net Asset Quality Index Over Time (1997–2025)
This chart shows how Transurban Group's Net Asset Quality Index has evolved across 29 annual periods from 1997 to 2025. As of December 2025, the index stands at 26.4%, representing net assets of AU$9.14 Billion against total assets of AU$34.69 Billion AUD. For live market cap and overall valuation, see Transurban Group market cap and net worth.
Annual Net Asset Quality Index for Transurban Group (1997–2025)
The table below presents the year-by-year Net Asset Quality Index for Transurban Group from 1997 to 2025, covering 29 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 TCL strategic asset allocation to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (AUD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 26.7% | AU$9.51 Billion | AU$35.57 Billion | AU$26.05 Billion | ▼ -5.1 pp |
| 2024 | 31.8% | AU$11.68 Billion | AU$36.69 Billion | AU$25.02 Billion | ▼ -3.4 pp |
| 2023 | 35.2% | AU$13.28 Billion | AU$37.72 Billion | AU$24.44 Billion | ▼ -3.9 pp |
| 2022 | 39.1% | AU$15.23 Billion | AU$38.97 Billion | AU$23.74 Billion | ▲ +7.9 pp |
| 2021 | 31.2% | AU$11.14 Billion | AU$35.67 Billion | AU$24.54 Billion | ▲ +8.0 pp |
| 2020 | 23.2% | AU$8.80 Billion | AU$37.97 Billion | AU$29.17 Billion | ▼ -4.4 pp |
| 2019 | 27.5% | AU$9.90 Billion | AU$35.96 Billion | AU$26.05 Billion | ▲ +1.9 pp |
| 2018 | 25.6% | AU$6.77 Billion | AU$26.44 Billion | AU$19.67 Billion | ▲ +0.7 pp |
| 2017 | 24.9% | AU$5.80 Billion | AU$23.32 Billion | AU$17.52 Billion | ▼ -3.2 pp |
| 2016 | 28.0% | AU$6.46 Billion | AU$23.04 Billion | AU$16.58 Billion | ▼ -0.2 pp |
| 2015 | 28.2% | AU$6.00 Billion | AU$21.24 Billion | AU$15.24 Billion | ▼ -11.9 pp |
| 2014 | 40.1% | AU$5.96 Billion | AU$14.87 Billion | AU$8.91 Billion | ▲ +6.7 pp |
| 2013 | 33.4% | AU$3.36 Billion | AU$10.07 Billion | AU$6.71 Billion | ▼ -1.8 pp |
| 2012 | 35.2% | AU$3.49 Billion | AU$9.90 Billion | AU$6.41 Billion | ▼ -3.2 pp |
| 2011 | 38.4% | AU$3.99 Billion | AU$10.40 Billion | AU$6.41 Billion | ▼ -3.1 pp |
| 2010 | 41.4% | AU$4.18 Billion | AU$10.08 Billion | AU$5.90 Billion | ▲ +4.0 pp |
| 2009 | 37.4% | AU$3.84 Billion | AU$10.26 Billion | AU$6.42 Billion | ▼ -1.1 pp |
| 2008 | 38.5% | AU$4.07 Billion | AU$10.59 Billion | AU$6.52 Billion | ▲ +3.9 pp |
| 2007 | 34.6% | AU$4.02 Billion | AU$11.62 Billion | AU$7.60 Billion | ▲ +2.6 pp |
| 2006 | 32.0% | AU$2.46 Billion | AU$7.70 Billion | AU$5.24 Billion | ▼ -16.9 pp |
| 2005 | 48.8% | AU$3.33 Billion | AU$6.82 Billion | AU$3.49 Billion | ▲ +6.9 pp |
| 2004 | 42.0% | AU$1.84 Billion | AU$4.38 Billion | AU$2.54 Billion | ▼ -2.8 pp |
| 2003 | 44.8% | AU$1.95 Billion | AU$4.35 Billion | AU$2.40 Billion | ▼ -6.5 pp |
| 2002 | 51.3% | AU$2.07 Billion | AU$4.03 Billion | AU$1.96 Billion | ▲ +45.2 pp |
| 2001 | 6.1% | AU$119.25 Million | AU$1.96 Billion | AU$1.84 Billion | ▼ -5.7 pp |
| 2000 | 11.7% | AU$233.60 Million | AU$1.99 Billion | AU$1.76 Billion | ▼ -4.8 pp |
| 1999 | 16.6% | AU$303.79 Million | AU$1.83 Billion | AU$1.53 Billion | ▼ -20.1 pp |
| 1998 | 36.6% | AU$349.29 Million | AU$953.94 Million | AU$604.65 Million | ▼ -12.3 pp |
| 1997 | 48.9% | AU$394.79 Million | AU$806.72 Million | AU$411.93 Million | — |