Smith & Nephew PLC (SN) — Net Asset Quality Index
Smith & Nephew PLC (SN) has a Net Asset Quality Index of 47.0% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of GBX11.07 Billion minus total liabilities of GBX5.86 Billion yields net assets of GBX5.21 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read total liabilities of Smith & Nephew PLC for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Smith & Nephew PLC Net Asset Quality Index Over Time (1985–2025)
This chart shows how Smith & Nephew PLC's Net Asset Quality Index has evolved across 41 annual periods from 1985 to 2025. As of June 2026, the index stands at 47.0%, representing net assets of GBX5.21 Billion against total assets of GBX11.07 Billion GBX. For live market cap and overall valuation, see Smith & Nephew PLC market capitalisation.
Annual Net Asset Quality Index for Smith & Nephew PLC (1985–2025)
The table below presents the year-by-year Net Asset Quality Index for Smith & Nephew PLC from 1985 to 2025, covering 41 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. Check how strategically is Smith & Nephew PLC's equity deployed to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (GBX) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 50.6% | GBX5.29 Billion | GBX10.46 Billion | GBX5.17 Billion | ▼ -0.3 pp |
| 2024 | 50.8% | GBX5.26 Billion | GBX10.35 Billion | GBX5.09 Billion | ▼ -1.4 pp |
| 2023 | 52.2% | GBX5.22 Billion | GBX9.99 Billion | GBX4.77 Billion | ▼ -0.5 pp |
| 2022 | 52.8% | GBX5.26 Billion | GBX9.97 Billion | GBX4.71 Billion | ▲ +1.8 pp |
| 2021 | 51.0% | GBX5.57 Billion | GBX10.92 Billion | GBX5.35 Billion | ▲ +3.1 pp |
| 2020 | 47.9% | GBX5.28 Billion | GBX11.01 Billion | GBX5.73 Billion | ▼ -7.3 pp |
| 2019 | 55.3% | GBX5.14 Billion | GBX9.30 Billion | GBX4.16 Billion | ▼ -5.2 pp |
| 2018 | 60.5% | GBX4.87 Billion | GBX8.06 Billion | GBX3.19 Billion | ▲ +1.4 pp |
| 2017 | 59.0% | GBX4.64 Billion | GBX7.87 Billion | GBX3.22 Billion | ▲ +5.1 pp |
| 2016 | 53.9% | GBX3.96 Billion | GBX7.34 Billion | GBX3.39 Billion | ▼ -1.4 pp |
| 2015 | 55.3% | GBX3.97 Billion | GBX7.17 Billion | GBX3.20 Billion | ▲ +0.0 pp |
| 2014 | 55.3% | GBX4.04 Billion | GBX7.31 Billion | GBX3.27 Billion | ▼ -14.3 pp |
| 2013 | 69.5% | GBX4.05 Billion | GBX5.82 Billion | GBX1.77 Billion | ▲ +0.7 pp |
| 2012 | 68.8% | GBX3.88 Billion | GBX5.64 Billion | GBX1.76 Billion | ▲ +1.7 pp |
| 2011 | 67.1% | GBX3.19 Billion | GBX4.75 Billion | GBX1.56 Billion | ▲ +8.5 pp |
| 2010 | 58.6% | GBX2.77 Billion | GBX4.73 Billion | GBX1.96 Billion | ▲ +10.9 pp |
| 2009 | 47.7% | GBX2.18 Billion | GBX4.57 Billion | GBX2.39 Billion | ▲ +10.0 pp |
| 2008 | 37.7% | GBX1.70 Billion | GBX4.51 Billion | GBX2.81 Billion | ▼ -3.0 pp |
| 2007 | 40.7% | GBX1.82 Billion | GBX4.46 Billion | GBX2.65 Billion | ▼ -26.6 pp |
| 2006 | 67.3% | GBX2.17 Billion | GBX3.23 Billion | GBX1.06 Billion | ▲ +19.1 pp |
| 2005 | 48.2% | GBX1.44 Billion | GBX2.98 Billion | GBX1.54 Billion | ▲ +2.1 pp |
| 2004 | 46.1% | GBX1.35 Billion | GBX2.92 Billion | GBX1.57 Billion | ▼ -5.4 pp |
| 2003 | 51.5% | GBX1.14 Billion | GBX2.22 Billion | GBX1.08 Billion | ▲ +9.7 pp |
| 2002 | 41.8% | GBX833.21 Million | GBX1.99 Billion | GBX1.16 Billion | ▲ +5.0 pp |
| 2001 | 36.9% | GBX589.18 Million | GBX1.60 Billion | GBX1.01 Billion | ▲ +9.0 pp |
| 2000 | 27.8% | GBX399.84 Million | GBX1.44 Billion | GBX1.04 Billion | ▼ -28.5 pp |
| 1999 | 56.3% | GBX892.49 Million | GBX1.59 Billion | GBX693.35 Million | ▲ +2.7 pp |
| 1998 | 53.6% | GBX805.88 Million | GBX1.50 Billion | GBX696.82 Million | ▲ +0.2 pp |
| 1997 | 53.4% | GBX762.58 Million | GBX1.43 Billion | GBX664.55 Million | ▲ +1.7 pp |
| 1996 | 51.7% | GBX745.62 Million | GBX1.44 Billion | GBX695.96 Million | ▲ +2.6 pp |
| 1995 | 49.1% | GBX625.35 Million | GBX1.27 Billion | GBX647.14 Million | ▼ -3.6 pp |
| 1994 | 52.7% | GBX697.12 Million | GBX1.32 Billion | GBX624.74 Million | ▲ +13.4 pp |
| 1993 | 39.3% | GBX514.17 Million | GBX1.31 Billion | GBX792.70 Million | ▼ -1.5 pp |
| 1992 | 40.9% | GBX549.35 Million | GBX1.34 Billion | GBX795.20 Million | ▲ +6.8 pp |
| 1991 | 34.0% | GBX538.71 Million | GBX1.58 Billion | GBX1.04 Billion | ▲ +0.1 pp |
| 1990 | 34.0% | GBX521.01 Million | GBX1.53 Billion | GBX1.01 Billion | ▲ +4.3 pp |
| 1989 | 29.7% | GBX401.80 Million | GBX1.35 Billion | GBX951.22 Million | ▼ -4.4 pp |
| 1988 | 34.1% | GBX433.72 Million | GBX1.27 Billion | GBX839.34 Million | ▼ -2.3 pp |
| 1987 | 36.4% | GBX446.29 Million | GBX1.23 Billion | GBX781.11 Million | ▲ +1.3 pp |
| 1986 | 35.0% | GBX311.35 Million | GBX888.50 Million | GBX577.16 Million | ▼ -7.5 pp |
| 1985 | 42.5% | GBX273.58 Million | GBX643.40 Million | GBX369.82 Million | — |