Firstrand Ltd (FSR) — Net Asset Quality Index
Firstrand Ltd (FSR) has a Net Asset Quality Index of 8.5% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of ZAC2.68 Trillion minus total liabilities of ZAC2.45 Trillion yields net assets of ZAC226.94 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check FSR cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
Firstrand Ltd Net Asset Quality Index Over Time (2003–2025)
This chart shows how Firstrand Ltd's Net Asset Quality Index has evolved across 23 annual periods from 2003 to 2025. As of December 2025, the index stands at 8.5%, representing net assets of ZAC226.94 Billion against total assets of ZAC2.68 Trillion ZAC. See FSR net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for Firstrand Ltd (2003–2025)
The table below presents the year-by-year Net Asset Quality Index for Firstrand Ltd from 2003 to 2025, covering 23 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 Firstrand Ltd stock valuation.
| Year | Quality Index | Net Assets (ZAC) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 9.3% | ZAC240.97 Billion | ZAC2.59 Trillion | ZAC2.35 Trillion | ▲ +0.1 pp |
| 2024 | 9.2% | ZAC217.80 Billion | ZAC2.37 Trillion | ZAC2.15 Trillion | ▲ +0.7 pp |
| 2023 | 8.5% | ZAC194.92 Billion | ZAC2.29 Trillion | ZAC2.10 Trillion | ▼ -0.5 pp |
| 2022 | 9.0% | ZAC180.71 Billion | ZAC2.00 Trillion | ZAC1.82 Trillion | ▲ +0.1 pp |
| 2021 | 8.9% | ZAC167.89 Billion | ZAC1.89 Trillion | ZAC1.72 Trillion | ▲ +1.0 pp |
| 2020 | 7.9% | ZAC151.92 Billion | ZAC1.93 Trillion | ZAC1.77 Trillion | ▼ -0.8 pp |
| 2019 | 8.7% | ZAC144.59 Billion | ZAC1.67 Trillion | ZAC1.52 Trillion | ▲ +0.1 pp |
| 2018 | 8.5% | ZAC130.80 Billion | ZAC1.53 Trillion | ZAC1.40 Trillion | ▼ -1.1 pp |
| 2017 | 9.6% | ZAC117.18 Billion | ZAC1.22 Trillion | ZAC1.10 Trillion | ▲ +0.2 pp |
| 2016 | 9.4% | ZAC108.06 Billion | ZAC1.15 Trillion | ZAC1.04 Trillion | ▲ +0.1 pp |
| 2015 | 9.3% | ZAC98.60 Billion | ZAC1.06 Trillion | ZAC960.66 Billion | ▼ 0.0 pp |
| 2014 | 9.3% | ZAC88.22 Billion | ZAC945.53 Billion | ZAC857.32 Billion | ▲ +0.2 pp |
| 2013 | 9.2% | ZAC79.63 Billion | ZAC869.67 Billion | ZAC790.04 Billion | ▲ +0.1 pp |
| 2012 | 9.1% | ZAC69.81 Billion | ZAC769.76 Billion | ZAC699.96 Billion | ▼ -0.1 pp |
| 2011 | 9.2% | ZAC64.22 Billion | ZAC697.93 Billion | ZAC633.71 Billion | ▲ +2.2 pp |
| 2010 | 7.0% | ZAC58.96 Billion | ZAC845.24 Billion | ZAC786.28 Billion | ▲ +0.8 pp |
| 2009 | 6.2% | ZAC50.00 Billion | ZAC807.76 Billion | ZAC757.75 Billion | ▲ +0.2 pp |
| 2008 | 6.0% | ZAC48.69 Billion | ZAC817.68 Billion | ZAC768.99 Billion | ▼ -0.1 pp |
| 2007 | 6.1% | ZAC43.55 Billion | ZAC717.89 Billion | ZAC674.34 Billion | ▼ -0.3 pp |
| 2006 | 6.3% | ZAC36.53 Billion | ZAC576.81 Billion | ZAC540.28 Billion | ▼ -2.8 pp |
| 2005 | 9.1% | ZAC43.04 Billion | ZAC473.13 Billion | ZAC430.08 Billion | ▲ +2.7 pp |
| 2004 | 6.4% | ZAC20.55 Billion | ZAC323.45 Billion | ZAC302.90 Billion | ▲ +0.3 pp |
| 2003 | 6.1% | ZAC18.44 Billion | ZAC304.00 Billion | ZAC285.56 Billion | — |