Scottish Mortgage Investment Trust plc (SMT) — Net Asset Quality Index
Scottish Mortgage Investment Trust plc (SMT) has a Net Asset Quality Index of 89.6% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of GBX15.57 Billion minus total liabilities of GBX1.62 Billion yields net assets of GBX13.94 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check asset resilience ratio of Scottish Mortgage Investment Trust plc to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
Scottish Mortgage Investment Trust plc Net Asset Quality Index Over Time (2000–2025)
This chart shows how Scottish Mortgage Investment Trust plc's Net Asset Quality Index has evolved across 26 annual periods from 2000 to 2025. As of September 2025, the index stands at 89.6%, representing net assets of GBX13.94 Billion against total assets of GBX15.57 Billion GBX. See working capital to net assets of Scottish Mortgage Investment Trust plc to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for Scottish Mortgage Investment Trust plc (2000–2025)
The table below presents the year-by-year Net Asset Quality Index for Scottish Mortgage Investment Trust plc from 2000 to 2025, covering 26 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 cap of Scottish Mortgage Investment Trust plc.
| Year | Quality Index | Net Assets (GBX) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 87.9% | GBX12.08 Billion | GBX13.74 Billion | GBX1.66 Billion | ▲ +0.9 pp |
| 2024 | 87.1% | GBX12.63 Billion | GBX14.51 Billion | GBX1.88 Billion | ▲ +0.9 pp |
| 2023 | 86.1% | GBX11.50 Billion | GBX13.35 Billion | GBX1.85 Billion | ▼ -1.1 pp |
| 2022 | 87.2% | GBX14.76 Billion | GBX16.91 Billion | GBX2.16 Billion | ▼ -5.7 pp |
| 2021 | 93.0% | GBX16.99 Billion | GBX18.28 Billion | GBX1.29 Billion | ▲ +3.0 pp |
| 2020 | 89.9% | GBX8.24 Billion | GBX9.17 Billion | GBX921.96 Million | ▼ -1.1 pp |
| 2019 | 91.0% | GBX7.43 Billion | GBX8.16 Billion | GBX732.37 Million | ▼ -1.6 pp |
| 2018 | 92.6% | GBX6.19 Billion | GBX6.68 Billion | GBX496.00 Million | ▲ +2.2 pp |
| 2017 | 90.4% | GBX4.87 Billion | GBX5.39 Billion | GBX517.68 Million | ▲ +3.3 pp |
| 2016 | 87.1% | GBX3.46 Billion | GBX3.97 Billion | GBX512.70 Million | ▲ +0.0 pp |
| 2015 | 87.1% | GBX3.33 Billion | GBX3.83 Billion | GBX494.31 Million | ▲ +0.7 pp |
| 2014 | 86.4% | GBX2.60 Billion | GBX3.01 Billion | GBX409.72 Million | ▲ +1.1 pp |
| 2013 | 85.3% | GBX2.22 Billion | GBX2.60 Billion | GBX382.75 Million | ▲ +1.1 pp |
| 2012 | 84.2% | GBX2.01 Billion | GBX2.39 Billion | GBX378.49 Million | ▼ -0.6 pp |
| 2011 | 84.7% | GBX2.13 Billion | GBX2.52 Billion | GBX384.12 Million | ▼ -0.5 pp |
| 2010 | 85.2% | GBX1.84 Billion | GBX2.16 Billion | GBX319.30 Million | ▲ +8.4 pp |
| 2009 | 76.8% | GBX1.08 Billion | GBX1.41 Billion | GBX326.50 Million | ▼ -3.3 pp |
| 2008 | 80.1% | GBX1.84 Billion | GBX2.29 Billion | GBX456.09 Million | ▼ -5.1 pp |
| 2007 | 85.2% | GBX1.77 Billion | GBX2.08 Billion | GBX306.24 Million | ▼ -2.9 pp |
| 2006 | 88.1% | GBX1.75 Billion | GBX1.99 Billion | GBX235.80 Million | ▲ +3.5 pp |
| 2005 | 84.6% | GBX1.24 Billion | GBX1.47 Billion | GBX225.92 Million | ▲ +2.6 pp |
| 2004 | 82.0% | GBX1.13 Billion | GBX1.38 Billion | GBX247.51 Million | ▲ +3.6 pp |
| 2003 | 78.4% | GBX844.32 Million | GBX1.08 Billion | GBX232.70 Million | ▼ -6.9 pp |
| 2002 | 85.3% | GBX1.30 Billion | GBX1.53 Billion | GBX225.21 Million | ▼ -2.0 pp |
| 2001 | 87.3% | GBX1.46 Billion | GBX1.68 Billion | GBX213.64 Million | ▲ +0.7 pp |
| 2000 | 86.5% | GBX1.93 Billion | GBX2.23 Billion | GBX300.36 Million | — |