Smith-Midland Corp (SMID) — Net Asset Quality Index
Smith-Midland Corp (SMID) has a Net Asset Quality Index of 60.4% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $92.19 Million minus total liabilities of $36.54 Million yields net assets of $55.66 Million. A higher index indicates a stronger, lower-leverage balance sheet. Read Smith-Midland Corp (SMID) total liabilities for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Smith-Midland Corp Net Asset Quality Index Over Time (1994–2025)
This chart shows how Smith-Midland Corp's Net Asset Quality Index has evolved across 32 annual periods from 1994 to 2025. As of March 2026, the index stands at 60.4%, representing net assets of $55.66 Million against total assets of $92.19 Million USD. For live market cap and overall valuation, see Smith-Midland Corp (SMID) market capitalisation.
Annual Net Asset Quality Index for Smith-Midland Corp (1994–2025)
The table below presents the year-by-year Net Asset Quality Index for Smith-Midland Corp from 1994 to 2025, covering 32 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 Smith-Midland Corp strategic capital allocation to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 61.9% | $54.30 Million | $87.73 Million | $33.42 Million | ▲ +0.5 pp |
| 2024 | 61.4% | $41.74 Million | $67.99 Million | $26.25 Million | ▲ +5.7 pp |
| 2023 | 55.7% | $34.16 Million | $61.35 Million | $27.19 Million | ▼ -5.2 pp |
| 2022 | 60.9% | $33.05 Million | $54.31 Million | $21.26 Million | ▲ +1.3 pp |
| 2021 | 59.6% | $31.75 Million | $53.27 Million | $21.52 Million | ▲ +8.7 pp |
| 2020 | 50.9% | $23.65 Million | $46.50 Million | $22.85 Million | ▲ +4.2 pp |
| 2019 | 46.7% | $20.82 Million | $44.60 Million | $23.78 Million | ▲ +1.1 pp |
| 2018 | 45.6% | $18.85 Million | $41.37 Million | $22.52 Million | ▼ -13.3 pp |
| 2017 | 58.9% | $17.20 Million | $29.23 Million | $12.02 Million | ▼ -0.3 pp |
| 2016 | 59.2% | $14.24 Million | $24.05 Million | $9.81 Million | ▼ -1.2 pp |
| 2015 | 60.4% | $11.39 Million | $18.85 Million | $7.46 Million | ▼ -3.8 pp |
| 2014 | 64.3% | $10.47 Million | $16.30 Million | $5.82 Million | ▲ +3.1 pp |
| 2013 | 61.2% | $11.42 Million | $18.66 Million | $7.24 Million | ▼ -3.4 pp |
| 2012 | 64.6% | $10.87 Million | $16.82 Million | $5.95 Million | ▲ +3.4 pp |
| 2011 | 61.2% | $10.73 Million | $17.53 Million | $6.80 Million | ▲ +0.7 pp |
| 2010 | 60.5% | $10.96 Million | $18.12 Million | $7.16 Million | ▲ +5.2 pp |
| 2009 | 55.3% | $8.49 Million | $15.35 Million | $6.87 Million | ▲ +13.0 pp |
| 2008 | 42.2% | $6.57 Million | $15.55 Million | $8.98 Million | ▲ +0.6 pp |
| 2007 | 41.6% | $6.00 Million | $14.44 Million | $8.44 Million | ▲ +10.1 pp |
| 2006 | 31.4% | $4.61 Million | $14.65 Million | $10.05 Million | ▼ -10.9 pp |
| 2005 | 42.3% | $5.33 Million | $12.61 Million | $7.27 Million | ▲ +8.1 pp |
| 2004 | 34.2% | $3.84 Million | $11.23 Million | $7.39 Million | ▲ +7.9 pp |
| 2003 | 26.3% | $3.35 Million | $12.74 Million | $9.39 Million | ▼ -12.5 pp |
| 2002 | 38.8% | $5.24 Million | $13.50 Million | $8.26 Million | ▲ +9.9 pp |
| 2001 | 28.9% | $3.94 Million | $13.64 Million | $9.70 Million | ▲ +11.6 pp |
| 2000 | 17.3% | $1.91 Million | $11.04 Million | $9.14 Million | ▲ +3.0 pp |
| 1999 | 14.3% | $1.31 Million | $9.17 Million | $7.86 Million | ▲ +1.0 pp |
| 1998 | 13.3% | $1.27 Million | $9.57 Million | $8.30 Million | ▼ -12.7 pp |
| 1997 | 26.0% | $2.05 Million | $7.89 Million | $5.84 Million | ▲ +1.1 pp |
| 1996 | 24.9% | $1.79 Million | $7.19 Million | $5.41 Million | ▼ -0.1 pp |
| 1995 | 25.0% | $1.80 Million | $7.20 Million | $5.40 Million | ▲ +18.5 pp |
| 1994 | 6.5% | $400.00K | $6.20 Million | $5.80 Million | — |