Shell plc (SHEL) — Net Asset Quality Index
Shell plc (SHEL) has a Net Asset Quality Index of 47.3% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of GBX370.49 Billion minus total liabilities of GBX195.10 Billion yields net assets of GBX175.38 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check SHEL financial resilience to evaluate the company's liquid asset resilience ratio.
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 December 2025, the index stands at 47.3%, representing net assets of GBX175.38 Billion against total assets of GBX370.49 Billion GBX. See working capital to net assets of Shell plc to evaluate short-term liquidity relative to the company's equity base.
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 market value of Shell plc.
| 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 | — |