National Fuel Gas Company (NFG) — Net Asset Quality Index
National Fuel Gas Company (NFG) has a Net Asset Quality Index of 39.0% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $9.21 Billion minus total liabilities of $5.62 Billion yields net assets of $3.59 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check National Fuel Gas Company liquidity resilience to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
National Fuel Gas Company Net Asset Quality Index Over Time (1994–2025)
This chart shows how National Fuel Gas Company's Net Asset Quality Index has evolved across 32 annual periods from 1994 to 2025. As of December 2025, the index stands at 39.0%, representing net assets of $3.59 Billion against total assets of $9.21 Billion USD. See working capital to net assets of National Fuel Gas Company to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for National Fuel Gas Company (1994–2025)
The table below presents the year-by-year Net Asset Quality Index for National Fuel Gas Company 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 NFG market cap overview.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 35.5% | $3.09 Billion | $8.72 Billion | $5.62 Billion | ▲ +1.3 pp |
| 2024 | 34.2% | $2.85 Billion | $8.32 Billion | $5.47 Billion | ▼ -1.6 pp |
| 2023 | 35.8% | $2.96 Billion | $8.28 Billion | $5.32 Billion | ▲ +9.4 pp |
| 2022 | 26.3% | $2.08 Billion | $7.90 Billion | $5.82 Billion | ▲ +2.4 pp |
| 2021 | 23.9% | $1.79 Billion | $7.46 Billion | $5.68 Billion | ▼ -3.4 pp |
| 2020 | 27.3% | $1.97 Billion | $7.22 Billion | $5.25 Billion | ▼ -5.8 pp |
| 2019 | 33.1% | $2.14 Billion | $6.46 Billion | $4.32 Billion | ▲ +1.0 pp |
| 2018 | 32.1% | $1.94 Billion | $6.04 Billion | $4.10 Billion | ▲ +4.2 pp |
| 2017 | 27.9% | $1.70 Billion | $6.10 Billion | $4.40 Billion | ▲ +0.8 pp |
| 2016 | 27.1% | $1.53 Billion | $5.64 Billion | $4.11 Billion | ▼ -3.1 pp |
| 2015 | 30.2% | $2.03 Billion | $6.72 Billion | $4.69 Billion | ▼ -5.6 pp |
| 2014 | 35.8% | $2.41 Billion | $6.74 Billion | $4.33 Billion | ▲ +0.5 pp |
| 2013 | 35.3% | $2.19 Billion | $6.22 Billion | $4.02 Billion | ▲ +2.3 pp |
| 2012 | 33.0% | $1.96 Billion | $5.94 Billion | $3.98 Billion | ▼ -2.8 pp |
| 2011 | 35.8% | $1.89 Billion | $5.28 Billion | $3.39 Billion | ▲ +1.6 pp |
| 2010 | 34.2% | $1.75 Billion | $5.11 Billion | $3.36 Billion | ▲ +0.9 pp |
| 2009 | 33.3% | $1.59 Billion | $4.77 Billion | $3.18 Billion | ▼ -5.5 pp |
| 2008 | 38.8% | $1.60 Billion | $4.13 Billion | $2.53 Billion | ▼ -3.1 pp |
| 2007 | 41.9% | $1.63 Billion | $3.89 Billion | $2.26 Billion | ▲ +3.6 pp |
| 2006 | 38.4% | $1.44 Billion | $3.76 Billion | $2.32 Billion | ▲ +5.3 pp |
| 2005 | 33.0% | $1.23 Billion | $3.72 Billion | $2.49 Billion | ▼ -1.8 pp |
| 2004 | 34.9% | $1.30 Billion | $3.72 Billion | $2.42 Billion | ▲ +3.5 pp |
| 2003 | 31.4% | $1.17 Billion | $3.73 Billion | $2.56 Billion | ▲ +1.0 pp |
| 2002 | 30.4% | $1.04 Billion | $3.40 Billion | $2.37 Billion | ▲ +0.7 pp |
| 2001 | 29.8% | $1.03 Billion | $3.45 Billion | $2.42 Billion | ▼ -1.0 pp |
| 2000 | 30.8% | $996.33 Million | $3.24 Billion | $2.24 Billion | ▼ -3.2 pp |
| 1999 | 34.0% | $966.90 Million | $2.84 Billion | $1.88 Billion | ▼ -0.1 pp |
| 1998 | 34.1% | $915.60 Million | $2.68 Billion | $1.77 Billion | ▼ -6.2 pp |
| 1997 | 40.3% | $913.70 Million | $2.27 Billion | $1.35 Billion | ▲ +0.5 pp |
| 1996 | 39.8% | $856.00 Million | $2.15 Billion | $1.29 Billion | ▲ +0.5 pp |
| 1995 | 39.4% | $802.10 Million | $2.04 Billion | $1.24 Billion | ▼ 0.0 pp |
| 1994 | 39.4% | $780.30 Million | $1.98 Billion | $1.20 Billion | — |