Xcel Energy Inc (XEL) — Net Asset Quality Index
Xcel Energy Inc (XEL) has a Net Asset Quality Index of 28.1% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $84.83 Billion minus total liabilities of $61.02 Billion yields net assets of $23.81 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See Xcel Energy Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
Xcel Energy Inc Net Asset Quality Index Over Time (1994–2025)
This chart shows how Xcel Energy Inc's Net Asset Quality Index has evolved across 32 annual periods from 1994 to 2025. As of March 2026, the index stands at 28.1%, representing net assets of $23.81 Billion against total assets of $84.83 Billion USD. Explore XEL operating cash flow to assess how effectively this company generates cash.
Annual Net Asset Quality Index for Xcel Energy Inc (1994–2025)
The table below presents the year-by-year Net Asset Quality Index for Xcel Energy Inc 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 market capitalisation and the full company profile, see XEL market cap.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 29.0% | $23.61 Billion | $81.37 Billion | $57.76 Billion | ▲ +1.1 pp |
| 2024 | 27.9% | $19.52 Billion | $70.03 Billion | $50.51 Billion | ▲ +0.4 pp |
| 2023 | 27.5% | $17.62 Billion | $64.08 Billion | $46.46 Billion | ▲ +0.2 pp |
| 2022 | 27.3% | $16.68 Billion | $61.19 Billion | $44.51 Billion | ▲ +0.3 pp |
| 2021 | 27.0% | $15.61 Billion | $57.85 Billion | $42.24 Billion | ▼ 0.0 pp |
| 2020 | 27.0% | $14.57 Billion | $53.96 Billion | $39.38 Billion | ▲ +0.8 pp |
| 2019 | 26.2% | $13.24 Billion | $50.45 Billion | $37.21 Billion | ▼ -0.3 pp |
| 2018 | 26.6% | $12.22 Billion | $45.99 Billion | $33.77 Billion | ▼ 0.0 pp |
| 2017 | 26.6% | $11.46 Billion | $43.03 Billion | $31.57 Billion | ▼ -0.2 pp |
| 2016 | 26.8% | $11.02 Billion | $41.16 Billion | $30.13 Billion | ▼ -0.4 pp |
| 2015 | 27.1% | $10.60 Billion | $39.05 Billion | $28.45 Billion | ▼ -0.5 pp |
| 2014 | 27.6% | $10.21 Billion | $36.96 Billion | $26.74 Billion | ▼ -0.6 pp |
| 2013 | 28.2% | $9.57 Billion | $33.91 Billion | $24.34 Billion | ▼ -0.3 pp |
| 2012 | 28.5% | $8.87 Billion | $31.14 Billion | $22.27 Billion | ▼ -0.3 pp |
| 2011 | 28.8% | $8.48 Billion | $29.50 Billion | $21.02 Billion | ▼ -1.1 pp |
| 2010 | 29.9% | $8.19 Billion | $27.39 Billion | $19.20 Billion | ▲ +0.9 pp |
| 2009 | 29.0% | $7.39 Billion | $25.49 Billion | $18.10 Billion | ▲ +0.7 pp |
| 2008 | 28.3% | $7.07 Billion | $24.96 Billion | $17.89 Billion | ▲ +0.7 pp |
| 2007 | 27.6% | $6.41 Billion | $23.18 Billion | $16.78 Billion | ▲ +0.7 pp |
| 2006 | 27.0% | $5.92 Billion | $21.96 Billion | $16.03 Billion | ▲ +1.6 pp |
| 2005 | 25.4% | $5.50 Billion | $21.65 Billion | $16.14 Billion | ▼ -0.7 pp |
| 2004 | 26.2% | $5.31 Billion | $20.30 Billion | $14.99 Billion | ▲ +0.1 pp |
| 2003 | 26.1% | $5.27 Billion | $20.21 Billion | $14.93 Billion | ▲ +8.5 pp |
| 2002 | 17.6% | $4.81 Billion | $27.26 Billion | $22.45 Billion | ▼ -6.6 pp |
| 2001 | 24.2% | $6.95 Billion | $28.74 Billion | $21.78 Billion | ▼ -3.1 pp |
| 2000 | 27.3% | $5.94 Billion | $21.77 Billion | $15.82 Billion | ▲ +0.0 pp |
| 1999 | 27.3% | $2.66 Billion | $9.77 Billion | $7.10 Billion | ▼ -7.7 pp |
| 1998 | 35.0% | $2.59 Billion | $7.40 Billion | $4.81 Billion | ▼ -1.0 pp |
| 1997 | 36.0% | $2.57 Billion | $7.14 Billion | $4.57 Billion | ▲ +0.2 pp |
| 1996 | 35.8% | $2.38 Billion | $6.64 Billion | $4.26 Billion | ▼ -0.6 pp |
| 1995 | 36.4% | $2.27 Billion | $6.23 Billion | $3.96 Billion | ▲ +0.5 pp |
| 1994 | 35.9% | $2.14 Billion | $5.95 Billion | $3.82 Billion | — |