Morgan Stanley Net Asset Quality Index
Morgan Stanley net asset quality index. Morgan Stanley (MS) has a Net Asset Quality Index of 7.3% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $1.58 Trillion minus total liabilities of $1.47 Trillion yields net assets of $115.38 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check cash flow quality index of Morgan Stanley to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of Morgan Stanley (1985–2025)
Net asset quality index of Morgan Stanley from 1985 to 2025. This chart shows how Morgan Stanley's Net Asset Quality Index has evolved across 41 annual periods from 1985 to 2025. As of March 2026, the index stands at 7.3%, representing net assets of $115.38 Billion against total assets of $1.58 Trillion USD. See what is Morgan Stanley's book value for net asset value and shareholders' equity analysis.
Morgan Stanley Net Asset Quality Index by Year (1985–2025)
Morgan Stanley net asset quality index by year from 1985 to 2025. The table below presents the year-by-year Net Asset Quality Index for Morgan Stanley 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 live market cap and overall valuation, see Morgan Stanley market capitalisation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 7.9% | $112.65 Billion | $1.42 Trillion | $1.31 Trillion | ▼ -0.7 pp |
| 2024 | 8.7% | $105.43 Billion | $1.22 Trillion | $1.11 Trillion | ▲ +0.3 pp |
| 2023 | 8.4% | $99.98 Billion | $1.19 Trillion | $1.09 Trillion | ▼ -0.2 pp |
| 2022 | 8.6% | $101.23 Billion | $1.18 Trillion | $1.08 Trillion | ▼ -0.4 pp |
| 2021 | 9.0% | $106.60 Billion | $1.19 Trillion | $1.08 Trillion | ▼ -0.3 pp |
| 2020 | 9.2% | $103.15 Billion | $1.12 Trillion | $1.01 Trillion | ▲ +0.0 pp |
| 2019 | 9.2% | $82.70 Billion | $895.43 Billion | $812.73 Billion | ▼ -0.3 pp |
| 2018 | 9.5% | $81.41 Billion | $853.53 Billion | $772.12 Billion | ▲ +0.3 pp |
| 2017 | 9.2% | $78.47 Billion | $851.73 Billion | $773.27 Billion | ▼ -0.3 pp |
| 2016 | 9.5% | $77.18 Billion | $814.95 Billion | $737.77 Billion | ▼ -0.2 pp |
| 2015 | 9.7% | $76.18 Billion | $787.47 Billion | $711.28 Billion | ▲ +0.7 pp |
| 2014 | 9.0% | $72.10 Billion | $801.51 Billion | $729.41 Billion | ▲ +0.7 pp |
| 2013 | 8.3% | $69.03 Billion | $832.70 Billion | $763.67 Billion | ▼ -0.1 pp |
| 2012 | 8.4% | $65.43 Billion | $780.96 Billion | $715.53 Billion | ▼ -1.0 pp |
| 2011 | 9.3% | $70.08 Billion | $749.90 Billion | $679.82 Billion | ▲ +1.2 pp |
| 2010 | 8.1% | $65.41 Billion | $807.70 Billion | $742.29 Billion | ▲ +1.3 pp |
| 2009 | 6.8% | $52.78 Billion | $771.46 Billion | $718.68 Billion | ▼ -0.5 pp |
| 2008 | 7.3% | $49.46 Billion | $676.76 Billion | $627.31 Billion | ▲ +4.3 pp |
| 2007 | 3.0% | $31.27 Billion | $1.05 Trillion | $1.01 Trillion | ▼ -0.2 pp |
| 2006 | 3.2% | $35.36 Billion | $1.12 Trillion | $1.09 Trillion | ▼ -0.1 pp |
| 2005 | 3.2% | $29.18 Billion | $898.52 Billion | $869.34 Billion | ▼ -0.5 pp |
| 2004 | 3.8% | $28.21 Billion | $747.33 Billion | $719.13 Billion | ▼ -0.8 pp |
| 2003 | 4.6% | $27.68 Billion | $602.84 Billion | $575.17 Billion | ▲ +0.2 pp |
| 2002 | 4.4% | $23.09 Billion | $529.50 Billion | $506.40 Billion | ▼ -0.2 pp |
| 2001 | 4.5% | $21.93 Billion | $482.63 Billion | $460.70 Billion | ▼ -0.1 pp |
| 2000 | 4.7% | $19.67 Billion | $421.28 Billion | $401.61 Billion | ▼ -0.1 pp |
| 1999 | 4.7% | $17.41 Billion | $366.97 Billion | $349.55 Billion | ▼ -0.1 pp |
| 1998 | 4.9% | $15.52 Billion | $317.59 Billion | $302.07 Billion | ▼ -0.1 pp |
| 1997 | 4.9% | $14.96 Billion | $302.29 Billion | $287.33 Billion | ▼ -7.2 pp |
| 1996 | 12.2% | $5.16 Billion | $42.41 Billion | $37.25 Billion | ▼ -0.5 pp |
| 1995 | 12.7% | $4.83 Billion | $38.21 Billion | $33.37 Billion | ▼ -0.2 pp |
| 1994 | 12.9% | $4.11 Billion | $31.86 Billion | $27.75 Billion | ▲ +0.3 pp |
| 1993 | 12.6% | $3.48 Billion | $27.66 Billion | $24.19 Billion | ▲ +8.3 pp |
| 1992 | 4.3% | $3.43 Billion | $80.35 Billion | $76.92 Billion | ▼ -0.4 pp |
| 1991 | 4.7% | $2.99 Billion | $63.71 Billion | $60.72 Billion | ▲ +0.6 pp |
| 1990 | 4.1% | $2.17 Billion | $53.53 Billion | $51.35 Billion | ▲ +0.3 pp |
| 1989 | 3.8% | $2.02 Billion | $53.28 Billion | $51.25 Billion | ▲ +0.5 pp |
| 1988 | 3.3% | $1.34 Billion | $40.05 Billion | $38.71 Billion | ▼ 0.0 pp |
| 1987 | 3.4% | $1.00 Billion | $29.66 Billion | $28.66 Billion | ▲ +0.6 pp |
| 1986 | 2.8% | $785.60 Million | $28.39 Billion | $27.61 Billion | ▲ +0.9 pp |
| 1985 | 1.9% | $302.10 Million | $15.79 Billion | $15.49 Billion | — |