GlaxoSmithKline PLC (GSK) — Net Asset Quality Index
GlaxoSmithKline PLC (GSK) has a Net Asset Quality Index of 25.7% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of GBX61.34 Billion minus total liabilities of GBX45.59 Billion yields net assets of GBX15.75 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See operational self-sufficiency of GlaxoSmithKline PLC to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
GlaxoSmithKline PLC Net Asset Quality Index Over Time (1986–2024)
This chart shows how GlaxoSmithKline PLC's Net Asset Quality Index has evolved across 40 annual periods from 1986 to 2024. As of September 2025, the index stands at 25.7%, representing net assets of GBX15.75 Billion against total assets of GBX61.34 Billion GBX. Explore GlaxoSmithKline PLC cash conversion from operations to assess how effectively this company generates cash.
Annual Net Asset Quality Index for GlaxoSmithKline PLC (1986–2024)
The table below presents the year-by-year Net Asset Quality Index for GlaxoSmithKline PLC from 1986 to 2024, covering 40 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 GSK stock market capitalisation.
| Year | Quality Index | Net Assets (GBX) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 22.0% | GBX13.09 Billion | GBX59.46 Billion | GBX46.38 Billion | ▲ +0.3 pp |
| 2023 | 21.7% | GBX12.79 Billion | GBX59.01 Billion | GBX46.21 Billion | ▲ +4.9 pp |
| 2022 | 16.8% | GBX10.10 Billion | GBX60.15 Billion | GBX50.05 Billion | ▼ -10.2 pp |
| 2021 | 27.0% | GBX21.34 Billion | GBX79.10 Billion | GBX57.76 Billion | ▲ +1.1 pp |
| 2020 | 25.9% | GBX20.81 Billion | GBX80.43 Billion | GBX59.62 Billion | ▲ +2.8 pp |
| 2019 | 23.0% | GBX18.36 Billion | GBX79.69 Billion | GBX61.34 Billion | ▲ +16.7 pp |
| 2018 | 6.3% | GBX3.67 Billion | GBX58.07 Billion | GBX54.39 Billion | ▲ +0.1 pp |
| 2017 | 6.2% | GBX3.49 Billion | GBX56.38 Billion | GBX52.89 Billion | ▼ -2.2 pp |
| 2016 | 8.4% | GBX4.96 Billion | GBX59.08 Billion | GBX54.12 Billion | ▼ -8.2 pp |
| 2015 | 16.6% | GBX8.88 Billion | GBX53.45 Billion | GBX44.57 Billion | ▲ +4.5 pp |
| 2014 | 12.1% | GBX4.94 Billion | GBX40.65 Billion | GBX35.72 Billion | ▼ -6.4 pp |
| 2013 | 18.6% | GBX7.81 Billion | GBX42.09 Billion | GBX34.27 Billion | ▲ +2.3 pp |
| 2012 | 16.3% | GBX6.75 Billion | GBX41.48 Billion | GBX34.73 Billion | ▼ -5.2 pp |
| 2011 | 21.5% | GBX8.83 Billion | GBX41.08 Billion | GBX32.25 Billion | ▼ -1.7 pp |
| 2010 | 23.2% | GBX9.74 Billion | GBX42.05 Billion | GBX32.31 Billion | ▼ -1.9 pp |
| 2009 | 25.1% | GBX10.74 Billion | GBX42.86 Billion | GBX32.12 Billion | ▲ +3.9 pp |
| 2008 | 21.1% | GBX8.32 Billion | GBX39.39 Billion | GBX31.07 Billion | ▼ -10.8 pp |
| 2007 | 32.0% | GBX9.91 Billion | GBX31.00 Billion | GBX21.09 Billion | ▼ -5.8 pp |
| 2006 | 37.8% | GBX9.65 Billion | GBX25.55 Billion | GBX15.90 Billion | ▲ +9.9 pp |
| 2005 | 27.8% | GBX7.57 Billion | GBX27.20 Billion | GBX19.63 Billion | ▲ +2.0 pp |
| 2004 | 25.9% | GBX5.94 Billion | GBX22.94 Billion | GBX17.01 Billion | ▼ -1.5 pp |
| 2003 | 27.4% | GBX5.80 Billion | GBX21.20 Billion | GBX15.40 Billion | ▼ -5.7 pp |
| 2002 | 33.1% | GBX7.39 Billion | GBX22.33 Billion | GBX14.94 Billion | ▼ -5.1 pp |
| 2001 | 38.2% | GBX8.40 Billion | GBX21.97 Billion | GBX13.57 Billion | ▼ -3.2 pp |
| 2000 | 41.5% | GBX8.96 Billion | GBX21.59 Billion | GBX12.63 Billion | ▲ +10.9 pp |
| 1999 | 30.6% | GBX3.19 Billion | GBX10.43 Billion | GBX7.23 Billion | ▲ +1.0 pp |
| 1998 | 29.6% | GBX2.77 Billion | GBX9.35 Billion | GBX6.58 Billion | ▲ +7.2 pp |
| 1997 | 22.4% | GBX1.89 Billion | GBX8.44 Billion | GBX6.55 Billion | ▲ +7.2 pp |
| 1996 | 15.2% | GBX1.27 Billion | GBX8.31 Billion | GBX7.05 Billion | ▲ +12.7 pp |
| 1995 | 2.6% | GBX221.00 Million | GBX8.54 Billion | GBX8.32 Billion | ▼ -4.5 pp |
| 1995 | 7.1% | GBX574.69 Million | GBX8.10 Billion | GBX7.53 Billion | ▼ -58.2 pp |
| 1994 | 65.3% | GBX5.15 Billion | GBX7.89 Billion | GBX2.74 Billion | ▲ +2.8 pp |
| 1993 | 62.4% | GBX4.66 Billion | GBX7.46 Billion | GBX2.80 Billion | ▼ -1.6 pp |
| 1992 | 64.0% | GBX3.64 Billion | GBX5.68 Billion | GBX2.04 Billion | ▲ +6.9 pp |
| 1991 | 57.1% | GBX3.28 Billion | GBX5.74 Billion | GBX2.46 Billion | ▼ -5.3 pp |
| 1990 | 62.4% | GBX2.81 Billion | GBX4.49 Billion | GBX1.69 Billion | ▼ -4.2 pp |
| 1989 | 66.7% | GBX2.31 Billion | GBX3.47 Billion | GBX1.16 Billion | ▲ +3.8 pp |
| 1988 | 62.9% | GBX1.80 Billion | GBX2.87 Billion | GBX1.06 Billion | ▲ +0.8 pp |
| 1987 | 62.1% | GBX1.46 Billion | GBX2.36 Billion | GBX894.00 Million | ▲ +1.1 pp |
| 1986 | 61.0% | GBX1.10 Billion | GBX1.80 Billion | GBX703.00 Million | — |