Merafe Net Asset Quality Index
Merafe net asset quality index. Merafe (MRF) has a Net Asset Quality Index of 81.7% as of June 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of ZAC6.01 Billion minus total liabilities of ZAC1.10 Billion yields net assets of ZAC4.91 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check how high is Merafe's earnings quality to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of Merafe (2001–2024)
Net asset quality index of Merafe from 2001 to 2024. This chart shows how Merafe's Net Asset Quality Index has evolved across 24 annual periods from 2001 to 2024. As of June 2025, the index stands at 81.7%, representing net assets of ZAC4.91 Billion against total assets of ZAC6.01 Billion ZAC. See MRF net asset value for net asset value and shareholders' equity analysis.
Merafe Net Asset Quality Index by Year (2001–2024)
Merafe net asset quality index by year from 2001 to 2024. The table below presents the year-by-year Net Asset Quality Index for Merafe from 2001 to 2024, covering 24 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 live market cap and overall valuation, see MRF market cap overview.
| Year | Quality Index | Net Assets (ZAC) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 79.4% | ZAC4.88 Billion | ZAC6.14 Billion | ZAC1.27 Billion | ▲ +0.4 pp |
| 2023 | 78.9% | ZAC5.26 Billion | ZAC6.66 Billion | ZAC1.40 Billion | ▲ +2.7 pp |
| 2022 | 76.2% | ZAC4.33 Billion | ZAC5.68 Billion | ZAC1.35 Billion | ▼ 0.0 pp |
| 2021 | 76.2% | ZAC3.77 Billion | ZAC4.95 Billion | ZAC1.18 Billion | ▲ +3.1 pp |
| 2020 | 73.1% | ZAC2.28 Billion | ZAC3.11 Billion | ZAC836.03 Million | ▼ -1.0 pp |
| 2019 | 74.1% | ZAC3.38 Billion | ZAC4.56 Billion | ZAC1.18 Billion | ▼ -0.2 pp |
| 2018 | 74.4% | ZAC4.89 Billion | ZAC6.58 Billion | ZAC1.69 Billion | ▲ +1.4 pp |
| 2017 | 72.9% | ZAC4.64 Billion | ZAC6.36 Billion | ZAC1.72 Billion | ▲ +7.6 pp |
| 2016 | 65.4% | ZAC3.90 Billion | ZAC5.96 Billion | ZAC2.07 Billion | ▲ +1.6 pp |
| 2015 | 63.7% | ZAC3.41 Billion | ZAC5.36 Billion | ZAC1.94 Billion | ▲ +5.9 pp |
| 2014 | 57.8% | ZAC3.12 Billion | ZAC5.40 Billion | ZAC2.28 Billion | ▼ -0.6 pp |
| 2013 | 58.5% | ZAC2.93 Billion | ZAC5.00 Billion | ZAC2.08 Billion | ▼ -4.7 pp |
| 2012 | 63.1% | ZAC2.71 Billion | ZAC4.29 Billion | ZAC1.58 Billion | ▼ -4.7 pp |
| 2011 | 67.8% | ZAC2.66 Billion | ZAC3.92 Billion | ZAC1.26 Billion | ▲ +0.3 pp |
| 2010 | 67.5% | ZAC2.58 Billion | ZAC3.82 Billion | ZAC1.24 Billion | ▼ -1.1 pp |
| 2009 | 68.6% | ZAC2.33 Billion | ZAC3.40 Billion | ZAC1.07 Billion | ▲ +2.5 pp |
| 2008 | 66.0% | ZAC2.48 Billion | ZAC3.75 Billion | ZAC1.28 Billion | ▲ +10.4 pp |
| 2007 | 55.6% | ZAC1.44 Billion | ZAC2.59 Billion | ZAC1.15 Billion | ▲ +3.1 pp |
| 2006 | 52.5% | ZAC1.11 Billion | ZAC2.11 Billion | ZAC1.00 Billion | ▲ +7.8 pp |
| 2005 | 44.7% | ZAC904.87 Million | ZAC2.02 Billion | ZAC1.12 Billion | ▲ +18.7 pp |
| 2004 | 26.0% | ZAC319.03 Million | ZAC1.23 Billion | ZAC908.59 Million | ▼ -1.3 pp |
| 2003 | 27.3% | ZAC231.96 Million | ZAC849.09 Million | ZAC617.13 Million | ▼ -2.0 pp |
| 2002 | 29.3% | ZAC231.10 Million | ZAC788.78 Million | ZAC557.68 Million | ▼ -19.6 pp |
| 2001 | 48.9% | ZAC363.61 Million | ZAC743.67 Million | ZAC380.06 Million | — |