Telstra Group Ltd (TLS) — Net Asset Quality Index
Telstra Group Ltd (TLS) has a Net Asset Quality Index of 35.3% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of AU$44.64 Billion minus total liabilities of AU$28.90 Billion yields net assets of AU$15.74 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check asset resilience ratio of Telstra Group Ltd to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
Telstra Group Ltd Net Asset Quality Index Over Time (1993–2025)
This chart shows how Telstra Group Ltd's Net Asset Quality Index has evolved across 33 annual periods from 1993 to 2025. As of December 2025, the index stands at 35.3%, representing net assets of AU$15.74 Billion against total assets of AU$44.64 Billion AUD. See TLS working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for Telstra Group Ltd (1993–2025)
The table below presents the year-by-year Net Asset Quality Index for Telstra Group Ltd from 1993 to 2025, covering 33 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 TLS market cap overview.
| Year | Quality Index | Net Assets (AUD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 36.3% | AU$16.32 Billion | AU$44.97 Billion | AU$28.65 Billion | ▼ -1.8 pp |
| 2024 | 38.1% | AU$17.35 Billion | AU$45.55 Billion | AU$28.20 Billion | ▼ -1.5 pp |
| 2023 | 39.6% | AU$17.82 Billion | AU$45.03 Billion | AU$27.21 Billion | ▼ -1.2 pp |
| 2022 | 40.8% | AU$16.98 Billion | AU$41.63 Billion | AU$24.65 Billion | ▲ +4.9 pp |
| 2021 | 35.9% | AU$15.28 Billion | AU$42.52 Billion | AU$27.25 Billion | ▲ +1.8 pp |
| 2020 | 34.1% | AU$15.15 Billion | AU$44.40 Billion | AU$29.26 Billion | ▼ 0.0 pp |
| 2019 | 34.1% | AU$14.53 Billion | AU$42.59 Billion | AU$28.06 Billion | ▼ -0.1 pp |
| 2018 | 34.2% | AU$14.62 Billion | AU$42.72 Billion | AU$28.10 Billion | ▼ -0.3 pp |
| 2017 | 34.6% | AU$14.56 Billion | AU$42.13 Billion | AU$27.57 Billion | ▼ -2.2 pp |
| 2016 | 36.7% | AU$15.91 Billion | AU$43.29 Billion | AU$27.38 Billion | ▲ +0.9 pp |
| 2015 | 35.9% | AU$14.51 Billion | AU$40.45 Billion | AU$25.93 Billion | ▲ +0.4 pp |
| 2014 | 35.5% | AU$13.96 Billion | AU$39.36 Billion | AU$25.40 Billion | ▲ +2.0 pp |
| 2013 | 33.4% | AU$12.88 Billion | AU$38.53 Billion | AU$25.65 Billion | ▲ +3.8 pp |
| 2012 | 29.6% | AU$11.69 Billion | AU$39.52 Billion | AU$27.84 Billion | ▼ -2.8 pp |
| 2011 | 32.4% | AU$12.29 Billion | AU$37.91 Billion | AU$25.62 Billion | ▼ -0.7 pp |
| 2010 | 33.1% | AU$13.01 Billion | AU$39.28 Billion | AU$26.27 Billion | ▲ +1.4 pp |
| 2009 | 31.7% | AU$12.68 Billion | AU$39.96 Billion | AU$27.28 Billion | ▼ -0.6 pp |
| 2008 | 32.3% | AU$12.24 Billion | AU$37.92 Billion | AU$25.68 Billion | ▼ -0.9 pp |
| 2007 | 33.2% | AU$12.58 Billion | AU$37.88 Billion | AU$25.30 Billion | ▼ -2.3 pp |
| 2006 | 35.5% | AU$12.83 Billion | AU$36.17 Billion | AU$23.34 Billion | ▼ -5.5 pp |
| 2005 | 41.0% | AU$14.88 Billion | AU$36.31 Billion | AU$21.43 Billion | ▼ -2.9 pp |
| 2004 | 43.9% | AU$15.36 Billion | AU$34.99 Billion | AU$19.63 Billion | ▲ +0.6 pp |
| 2003 | 43.3% | AU$15.42 Billion | AU$35.60 Billion | AU$20.18 Billion | ▲ +5.8 pp |
| 2002 | 37.5% | AU$14.11 Billion | AU$37.60 Billion | AU$23.49 Billion | ▲ +0.9 pp |
| 2001 | 36.6% | AU$13.72 Billion | AU$37.47 Billion | AU$23.75 Billion | ▼ -1.6 pp |
| 2000 | 38.2% | AU$11.60 Billion | AU$30.34 Billion | AU$18.74 Billion | ▲ +1.1 pp |
| 1999 | 37.2% | AU$10.29 Billion | AU$27.68 Billion | AU$17.39 Billion | ▼ -4.7 pp |
| 1998 | 41.9% | AU$11.08 Billion | AU$26.47 Billion | AU$15.39 Billion | ▲ +3.4 pp |
| 1997 | 38.4% | AU$9.94 Billion | AU$25.86 Billion | AU$15.92 Billion | ▼ -13.6 pp |
| 1996 | 52.0% | AU$12.67 Billion | AU$24.36 Billion | AU$11.69 Billion | ▲ +3.3 pp |
| 1995 | 48.7% | AU$11.73 Billion | AU$24.08 Billion | AU$12.36 Billion | ▼ -2.2 pp |
| 1994 | 50.9% | AU$10.76 Billion | AU$21.14 Billion | AU$10.38 Billion | ▲ +191.5 pp |
| 1993 | -140.6% | AU$-6.19 Billion | AU$4.40 Billion | AU$10.60 Billion | — |