Shell plc (SHEL) — Net Asset Quality Index
Shell plc (SHEL) has a Net Asset Quality Index of 45.9% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of GBX380.58 Billion minus total liabilities of GBX205.99 Billion yields net assets of GBX174.59 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See SHEL defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
Shell plc Net Asset Quality Index Over Time (1998–2025)
This chart shows how Shell plc's Net Asset Quality Index has evolved across 28 annual periods from 1998 to 2025. As of March 2026, the index stands at 45.9%, representing net assets of GBX174.59 Billion against total assets of GBX380.58 Billion GBX. Explore Shell plc operating cash flow efficiency to assess how effectively this company generates cash.
Annual Net Asset Quality Index for Shell plc (1998–2025)
The table below presents the year-by-year Net Asset Quality Index for Shell plc from 1998 to 2025, covering 28 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 Shell plc (SHEL) market capitalisation.
| Year | Quality Index | Net Assets (GBX) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 47.3% | GBX175.38 Billion | GBX370.49 Billion | GBX195.10 Billion | ▲ +0.9 pp |
| 2024 | 46.5% | GBX180.17 Billion | GBX387.61 Billion | GBX207.44 Billion | ▲ +0.1 pp |
| 2023 | 46.4% | GBX188.36 Billion | GBX406.27 Billion | GBX217.91 Billion | ▲ +2.9 pp |
| 2022 | 43.5% | GBX192.60 Billion | GBX443.02 Billion | GBX250.43 Billion | ▲ +0.1 pp |
| 2021 | 43.4% | GBX175.33 Billion | GBX404.38 Billion | GBX229.05 Billion | ▲ +1.6 pp |
| 2020 | 41.8% | GBX158.54 Billion | GBX379.27 Billion | GBX220.73 Billion | ▼ -5.3 pp |
| 2019 | 47.1% | GBX190.46 Billion | GBX404.34 Billion | GBX213.87 Billion | ▼ -3.6 pp |
| 2018 | 50.7% | GBX202.53 Billion | GBX399.19 Billion | GBX196.66 Billion | ▲ +2.1 pp |
| 2017 | 48.6% | GBX197.81 Billion | GBX407.10 Billion | GBX209.28 Billion | ▲ +2.8 pp |
| 2016 | 45.8% | GBX188.51 Billion | GBX411.27 Billion | GBX222.76 Billion | ▼ -2.4 pp |
| 2015 | 48.2% | GBX164.12 Billion | GBX340.16 Billion | GBX176.04 Billion | ▼ -0.7 pp |
| 2014 | 48.9% | GBX172.79 Billion | GBX353.12 Billion | GBX180.33 Billion | ▼ -1.7 pp |
| 2013 | 50.7% | GBX181.15 Billion | GBX357.51 Billion | GBX176.36 Billion | ▲ +0.4 pp |
| 2012 | 50.3% | GBX176.18 Billion | GBX350.29 Billion | GBX174.11 Billion | ▲ +0.8 pp |
| 2011 | 49.5% | GBX171.00 Billion | GBX345.26 Billion | GBX174.25 Billion | ▲ +3.1 pp |
| 2010 | 46.4% | GBX149.78 Billion | GBX322.56 Billion | GBX172.78 Billion | ▼ -0.8 pp |
| 2009 | 47.3% | GBX138.13 Billion | GBX292.18 Billion | GBX154.05 Billion | ▲ +1.6 pp |
| 2008 | 45.6% | GBX128.87 Billion | GBX282.40 Billion | GBX153.53 Billion | ▼ -1.1 pp |
| 2007 | 46.7% | GBX125.97 Billion | GBX269.47 Billion | GBX143.50 Billion | ▼ -2.1 pp |
| 2006 | 48.9% | GBX114.94 Billion | GBX235.28 Billion | GBX120.33 Billion | ▲ +4.2 pp |
| 2005 | 44.6% | GBX97.92 Billion | GBX219.52 Billion | GBX121.59 Billion | ▼ -4.1 pp |
| 2004 | 48.8% | GBX91.38 Billion | GBX187.45 Billion | GBX96.06 Billion | ▲ +1.3 pp |
| 2003 | 47.4% | GBX79.70 Billion | GBX168.09 Billion | GBX88.39 Billion | ▲ +3.4 pp |
| 2002 | 44.1% | GBX67.61 Billion | GBX153.46 Billion | GBX85.85 Billion | ▼ -12.5 pp |
| 2001 | 56.6% | GBX63.11 Billion | GBX111.54 Billion | GBX48.43 Billion | ▲ +7.6 pp |
| 2000 | 49.0% | GBX59.97 Billion | GBX122.50 Billion | GBX62.53 Billion | ▼ -2.9 pp |
| 1999 | 51.8% | GBX59.01 Billion | GBX113.88 Billion | GBX54.87 Billion | ▼ -0.6 pp |
| 1998 | 52.4% | GBX57.66 Billion | GBX110.07 Billion | GBX52.41 Billion | — |