Variscan Mines Ltd (VAR) — Net Asset Quality Index
Variscan Mines Ltd (VAR) has a Net Asset Quality Index of 98.2% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of AU$12.67 Million minus total liabilities of AU$234.42K yields net assets of AU$12.44 Million. A higher index indicates a stronger, lower-leverage balance sheet. See defensive interval ratio of Variscan Mines Ltd to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
Variscan Mines Ltd Net Asset Quality Index Over Time (1989–2025)
This chart shows how Variscan Mines Ltd's Net Asset Quality Index has evolved across 37 annual periods from 1989 to 2025. As of December 2025, the index stands at 98.2%, representing net assets of AU$12.44 Million against total assets of AU$12.67 Million AUD. Explore Variscan Mines Ltd cash flow conversion to assess how effectively this company generates cash.
Annual Net Asset Quality Index for Variscan Mines Ltd (1989–2025)
The table below presents the year-by-year Net Asset Quality Index for Variscan Mines Ltd from 1989 to 2025, covering 37 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 VAR stock market capitalisation.
| Year | Quality Index | Net Assets (AUD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 94.8% | AU$10.88 Million | AU$11.47 Million | AU$591.83K | ▲ +0.0 pp |
| 2024 | 94.8% | AU$9.32 Million | AU$9.83 Million | AU$509.62K | ▼ -2.5 pp |
| 2023 | 97.4% | AU$9.38 Million | AU$9.63 Million | AU$254.18K | ▲ +0.5 pp |
| 2022 | 96.9% | AU$8.76 Million | AU$9.04 Million | AU$281.06K | ▼ -0.7 pp |
| 2021 | 97.6% | AU$9.27 Million | AU$9.50 Million | AU$232.42K | ▲ +4.7 pp |
| 2020 | 92.8% | AU$5.52 Million | AU$5.95 Million | AU$427.49K | ▲ +1.4 pp |
| 2019 | 91.4% | AU$1.25 Million | AU$1.37 Million | AU$117.62K | ▲ +22.8 pp |
| 2018 | 68.6% | AU$2.11 Million | AU$3.08 Million | AU$966.93K | ▼ -19.7 pp |
| 2017 | 88.3% | AU$6.82 Million | AU$7.72 Million | AU$901.93K | ▼ -3.7 pp |
| 2016 | 92.0% | AU$8.50 Million | AU$9.24 Million | AU$734.45K | ▲ +2.5 pp |
| 2015 | 89.6% | AU$5.79 Million | AU$6.46 Million | AU$674.82K | ▼ -4.1 pp |
| 2014 | 93.7% | AU$7.62 Million | AU$8.14 Million | AU$516.15K | ▲ +8.7 pp |
| 2013 | 84.9% | AU$16.15 Million | AU$19.01 Million | AU$2.86 Million | ▼ -7.0 pp |
| 2012 | 91.9% | AU$20.92 Million | AU$22.76 Million | AU$1.84 Million | ▲ +1.5 pp |
| 2011 | 90.4% | AU$22.86 Million | AU$25.29 Million | AU$2.43 Million | ▼ -7.7 pp |
| 2010 | 98.1% | AU$16.17 Million | AU$16.49 Million | AU$314.60K | ▲ +0.8 pp |
| 2009 | 97.3% | AU$7.11 Million | AU$7.31 Million | AU$194.69K | ▲ +12.2 pp |
| 2008 | 85.2% | AU$15.65 Million | AU$18.38 Million | AU$2.73 Million | ▼ -2.4 pp |
| 2007 | 87.6% | AU$13.44 Million | AU$15.34 Million | AU$1.90 Million | ▼ -8.6 pp |
| 2006 | 96.2% | AU$1.23 Million | AU$1.28 Million | AU$48.34K | ▲ +1.4 pp |
| 2005 | 94.8% | AU$957.67K | AU$1.01 Million | AU$52.33K | ▲ +2.5 pp |
| 2004 | 92.3% | AU$874.01K | AU$947.17K | AU$73.17K | ▲ +37.7 pp |
| 2003 | 54.5% | AU$642.87K | AU$1.18 Million | AU$536.09K | ▼ -13.2 pp |
| 2002 | 67.7% | AU$990.00K | AU$1.46 Million | AU$471.99K | ▲ +12.9 pp |
| 2001 | 54.8% | AU$610.68K | AU$1.11 Million | AU$503.79K | ▼ -40.1 pp |
| 2000 | 94.9% | AU$746.77K | AU$786.78K | AU$40.01K | ▼ -1.2 pp |
| 1999 | 96.1% | AU$777.68K | AU$809.07K | AU$31.38K | ▼ -0.9 pp |
| 1998 | 97.0% | AU$913.90K | AU$942.32K | AU$28.42K | ▲ +3.7 pp |
| 1997 | 93.3% | AU$1.13 Million | AU$1.21 Million | AU$81.06K | ▼ -1.9 pp |
| 1996 | 95.2% | AU$790.72K | AU$830.50K | AU$39.78K | ▼ -0.3 pp |
| 1995 | 95.5% | AU$1.04 Million | AU$1.09 Million | AU$49.00K | ▼ -3.2 pp |
| 1994 | 98.7% | AU$1.85 Million | AU$1.87 Million | AU$24.00K | ▲ +7.7 pp |
| 1993 | 91.1% | AU$570.00K | AU$626.00K | AU$56.00K | ▼ -1.2 pp |
| 1992 | 92.2% | AU$592.00K | AU$642.00K | AU$50.00K | ▼ -7.1 pp |
| 1991 | 99.3% | AU$972.00K | AU$979.00K | AU$7.00K | ▲ +0.2 pp |
| 1990 | 99.1% | AU$1.66 Million | AU$1.67 Million | AU$15.00K | ▲ +0.1 pp |
| 1989 | 99.1% | AU$1.67 Million | AU$1.69 Million | AU$16.00K | — |