Smith-Midland Corp Net Asset Quality Index
Smith-Midland Corp 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. Check how high is Smith-Midland Corp's earnings quality to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of Smith-Midland Corp (1994–2025)
Net asset quality index of Smith-Midland Corp from 1994 to 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. See Smith-Midland Corp (SMID) shareholders funds for net asset value and shareholders' equity analysis.
Smith-Midland Corp Net Asset Quality Index by Year (1994–2025)
Smith-Midland Corp net asset quality index by year from 1994 to 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. For live market cap and overall valuation, see market cap of Smith-Midland Corp.
| 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 | — |