Black Hills Corporation (BKH) — Net Asset Quality Index
Black Hills Corporation (BKH) has a Net Asset Quality Index of 37.2% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $10.82 Billion minus total liabilities of $6.79 Billion yields net assets of $4.03 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check BKH financial resilience to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
Black Hills Corporation Net Asset Quality Index Over Time (1994–2025)
This chart shows how Black Hills Corporation's Net Asset Quality Index has evolved across 32 annual periods from 1994 to 2025. As of March 2026, the index stands at 37.2%, representing net assets of $4.03 Billion against total assets of $10.82 Billion USD. See Black Hills Corporation current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for Black Hills Corporation (1994–2025)
The table below presents the year-by-year Net Asset Quality Index for Black Hills Corporation 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 how much is Black Hills Corporation worth.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 35.9% | $3.91 Billion | $10.87 Billion | $6.96 Billion | ▲ +0.2 pp |
| 2024 | 35.8% | $3.59 Billion | $10.02 Billion | $6.44 Billion | ▲ +1.4 pp |
| 2023 | 34.4% | $3.31 Billion | $9.62 Billion | $6.31 Billion | ▲ +2.2 pp |
| 2022 | 32.1% | $3.09 Billion | $9.62 Billion | $6.53 Billion | ▲ +0.5 pp |
| 2021 | 31.6% | $2.89 Billion | $9.13 Billion | $6.24 Billion | ▼ -1.3 pp |
| 2020 | 32.9% | $2.66 Billion | $8.09 Billion | $5.43 Billion | ▲ +0.3 pp |
| 2019 | 32.6% | $2.46 Billion | $7.56 Billion | $5.09 Billion | ▼ -0.2 pp |
| 2018 | 32.8% | $2.29 Billion | $6.96 Billion | $4.68 Billion | ▲ +5.5 pp |
| 2017 | 27.3% | $1.82 Billion | $6.66 Billion | $4.84 Billion | ▲ +0.8 pp |
| 2016 | 26.6% | $1.73 Billion | $6.52 Billion | $4.79 Billion | ▼ -4.9 pp |
| 2015 | 31.5% | $1.47 Billion | $4.66 Billion | $3.19 Billion | ▼ -0.7 pp |
| 2014 | 32.2% | $1.38 Billion | $4.28 Billion | $2.90 Billion | ▼ -1.6 pp |
| 2013 | 33.7% | $1.31 Billion | $3.88 Billion | $2.57 Billion | ▲ +0.7 pp |
| 2012 | 33.0% | $1.23 Billion | $3.73 Billion | $2.50 Billion | ▲ +3.7 pp |
| 2011 | 29.3% | $1.21 Billion | $4.13 Billion | $2.92 Billion | ▼ -0.3 pp |
| 2010 | 29.6% | $1.10 Billion | $3.71 Billion | $2.61 Billion | ▼ -3.1 pp |
| 2009 | 32.7% | $1.08 Billion | $3.32 Billion | $2.23 Billion | ▲ +1.6 pp |
| 2008 | 31.1% | $1.05 Billion | $3.38 Billion | $2.33 Billion | ▼ -8.3 pp |
| 2007 | 39.4% | $975.02 Million | $2.47 Billion | $1.50 Billion | ▲ +4.0 pp |
| 2006 | 35.4% | $795.20 Million | $2.24 Billion | $1.45 Billion | ▲ +0.3 pp |
| 2005 | 35.1% | $743.80 Million | $2.12 Billion | $1.38 Billion | ▼ -0.9 pp |
| 2004 | 36.0% | $740.60 Million | $2.06 Billion | $1.32 Billion | ▲ +1.4 pp |
| 2003 | 34.6% | $714.44 Million | $2.06 Billion | $1.35 Billion | ▲ +8.0 pp |
| 2002 | 26.6% | $541.62 Million | $2.04 Billion | $1.49 Billion | ▼ -5.6 pp |
| 2001 | 32.2% | $534.70 Million | $1.66 Billion | $1.12 Billion | ▲ +8.0 pp |
| 2000 | 24.3% | $320.31 Million | $1.32 Billion | $1.00 Billion | ▼ -7.8 pp |
| 1999 | 32.1% | $216.60 Million | $674.80 Million | $458.20 Million | ▼ -4.9 pp |
| 1998 | 37.0% | $206.70 Million | $559.40 Million | $352.70 Million | ▼ -3.4 pp |
| 1997 | 40.4% | $205.40 Million | $508.70 Million | $303.30 Million | ▼ -1.0 pp |
| 1996 | 41.3% | $193.20 Million | $467.40 Million | $274.20 Million | ▲ +0.7 pp |
| 1995 | 40.6% | $182.30 Million | $448.80 Million | $266.50 Million | ▲ +0.5 pp |
| 1994 | 40.1% | $175.40 Million | $436.90 Million | $261.50 Million | — |