Smith & Nephew PLC (SN) — Net Asset Quality Index
Smith & Nephew PLC (SN) has a Net Asset Quality Index of 50.6% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of GBX10.46 Billion minus total liabilities of GBX5.17 Billion yields net assets of GBX5.29 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See SN defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
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 December 2025, the index stands at 50.6%, representing net assets of GBX5.29 Billion against total assets of GBX10.46 Billion GBX. Explore cash flow conversion of Smith & Nephew PLC to assess how effectively this company generates cash.
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. For market capitalisation and the full company profile, see market cap of Smith & Nephew PLC.
| 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 | — |