Bavarian Nordic (BAVA) — Net Asset Quality Index
Bavarian Nordic (BAVA) has a Net Asset Quality Index of 86.1% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of Dkr14.95 Billion minus total liabilities of Dkr2.08 Billion yields net assets of Dkr12.87 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read BAVA liabilities breakdown for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Bavarian Nordic Net Asset Quality Index Over Time (2000–2025)
This chart shows how Bavarian Nordic's Net Asset Quality Index has evolved across 26 annual periods from 2000 to 2025. As of December 2025, the index stands at 86.1%, representing net assets of Dkr12.87 Billion against total assets of Dkr14.95 Billion DKK. For live market cap and overall valuation, see BAVA market cap overview.
Annual Net Asset Quality Index for Bavarian Nordic (2000–2025)
The table below presents the year-by-year Net Asset Quality Index for Bavarian Nordic from 2000 to 2025, covering 26 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 asset allocation strategy of Bavarian Nordic to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (DKK) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 86.1% | Dkr12.87 Billion | Dkr14.95 Billion | Dkr2.08 Billion | ▲ +6.9 pp |
| 2024 | 79.2% | Dkr11.41 Billion | Dkr14.41 Billion | Dkr3.00 Billion | ▲ +7.2 pp |
| 2023 | 72.0% | Dkr10.34 Billion | Dkr14.35 Billion | Dkr4.01 Billion | ▲ +14.3 pp |
| 2022 | 57.7% | Dkr7.15 Billion | Dkr12.39 Billion | Dkr5.24 Billion | ▼ -3.3 pp |
| 2021 | 61.0% | Dkr7.37 Billion | Dkr12.09 Billion | Dkr4.71 Billion | ▲ +5.1 pp |
| 2020 | 55.9% | Dkr4.89 Billion | Dkr8.76 Billion | Dkr3.86 Billion | ▲ +29.4 pp |
| 2019 | 26.5% | Dkr1.87 Billion | Dkr7.05 Billion | Dkr5.18 Billion | ▼ -44.8 pp |
| 2018 | 71.2% | Dkr2.18 Billion | Dkr3.06 Billion | Dkr880.31 Million | ▼ -8.3 pp |
| 2017 | 79.5% | Dkr2.51 Billion | Dkr3.15 Billion | Dkr646.37 Million | ▲ +8.1 pp |
| 2016 | 71.4% | Dkr2.02 Billion | Dkr2.82 Billion | Dkr806.46 Million | ▲ +4.0 pp |
| 2015 | 67.5% | Dkr1.34 Billion | Dkr1.99 Billion | Dkr646.78 Million | ▲ +1.1 pp |
| 2014 | 66.3% | Dkr1.25 Billion | Dkr1.89 Billion | Dkr635.17 Million | ▼ -0.9 pp |
| 2013 | 67.2% | Dkr976.29 Million | Dkr1.45 Billion | Dkr475.92 Million | ▲ +2.3 pp |
| 2012 | 64.9% | Dkr999.68 Million | Dkr1.54 Billion | Dkr539.50 Million | ▲ +3.9 pp |
| 2011 | 61.1% | Dkr1.21 Billion | Dkr1.98 Billion | Dkr768.99 Million | ▲ +5.9 pp |
| 2010 | 55.2% | Dkr810.43 Million | Dkr1.47 Billion | Dkr656.69 Million | ▼ -0.2 pp |
| 2009 | 55.4% | Dkr704.21 Million | Dkr1.27 Billion | Dkr566.89 Million | ▼ -4.5 pp |
| 2008 | 59.9% | Dkr1.02 Billion | Dkr1.69 Billion | Dkr679.13 Million | ▼ -10.4 pp |
| 2007 | 70.3% | Dkr1.22 Billion | Dkr1.73 Billion | Dkr514.39 Million | ▼ -2.1 pp |
| 2006 | 72.4% | Dkr691.40 Million | Dkr954.42 Million | Dkr263.02 Million | ▲ +4.6 pp |
| 2005 | 67.9% | Dkr630.10 Million | Dkr928.56 Million | Dkr298.46 Million | ▲ +15.5 pp |
| 2004 | 52.4% | Dkr315.39 Million | Dkr602.10 Million | Dkr286.71 Million | ▼ -28.5 pp |
| 2003 | 80.9% | Dkr347.00 Million | Dkr429.17 Million | Dkr82.17 Million | ▲ +19.0 pp |
| 2002 | 61.8% | Dkr196.44 Million | Dkr317.70 Million | Dkr121.26 Million | ▼ -9.5 pp |
| 2001 | 71.3% | Dkr44.14 Million | Dkr61.87 Million | Dkr17.73 Million | ▼ -3.1 pp |
| 2000 | 74.5% | Dkr62.33 Million | Dkr83.69 Million | Dkr21.37 Million | — |