SM Energy Co (SM) — Net Asset Quality Index
SM Energy Co (SM) has a Net Asset Quality Index of 35.9% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $19.14 Billion minus total liabilities of $12.28 Billion yields net assets of $6.87 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See SM defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
SM Energy Co Net Asset Quality Index Over Time (1990–2025)
This chart shows how SM Energy Co's Net Asset Quality Index has evolved across 36 annual periods from 1990 to 2025. As of March 2026, the index stands at 35.9%, representing net assets of $6.87 Billion against total assets of $19.14 Billion USD. Explore SM Energy Co cash conversion from operations to assess how effectively this company generates cash.
Annual Net Asset Quality Index for SM Energy Co (1990–2025)
The table below presents the year-by-year Net Asset Quality Index for SM Energy Co from 1990 to 2025, covering 36 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 SM Energy Co (SM) total market value.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 52.0% | $4.81 Billion | $9.25 Billion | $4.44 Billion | ▲ +2.6 pp |
| 2024 | 49.4% | $4.24 Billion | $8.58 Billion | $4.34 Billion | ▼ -7.3 pp |
| 2023 | 56.7% | $3.62 Billion | $6.38 Billion | $2.76 Billion | ▲ +2.7 pp |
| 2022 | 54.0% | $3.09 Billion | $5.72 Billion | $2.63 Billion | ▲ +14.6 pp |
| 2021 | 39.4% | $2.06 Billion | $5.23 Billion | $3.17 Billion | ▼ -1.1 pp |
| 2020 | 40.5% | $2.02 Billion | $4.98 Billion | $2.96 Billion | ▼ -3.2 pp |
| 2019 | 43.7% | $2.75 Billion | $6.29 Billion | $3.54 Billion | ▼ -2.3 pp |
| 2018 | 46.0% | $2.92 Billion | $6.35 Billion | $3.43 Billion | ▲ +7.2 pp |
| 2017 | 38.8% | $2.39 Billion | $6.18 Billion | $3.78 Billion | ▼ -0.3 pp |
| 2016 | 39.1% | $2.50 Billion | $6.39 Billion | $3.90 Billion | ▲ +6.1 pp |
| 2015 | 33.0% | $1.85 Billion | $5.62 Billion | $3.77 Billion | ▼ -2.1 pp |
| 2014 | 35.1% | $2.29 Billion | $6.52 Billion | $4.23 Billion | ▲ +0.9 pp |
| 2013 | 34.2% | $1.61 Billion | $4.71 Billion | $3.10 Billion | ▲ +0.5 pp |
| 2012 | 33.7% | $1.41 Billion | $4.20 Billion | $2.79 Billion | ▼ -4.8 pp |
| 2011 | 38.5% | $1.46 Billion | $3.80 Billion | $2.34 Billion | ▼ -5.9 pp |
| 2010 | 44.4% | $1.22 Billion | $2.74 Billion | $1.53 Billion | ▲ +3.2 pp |
| 2009 | 41.2% | $973.57 Million | $2.36 Billion | $1.39 Billion | ▼ -0.6 pp |
| 2008 | 41.8% | $1.13 Billion | $2.70 Billion | $1.57 Billion | ▲ +8.3 pp |
| 2007 | 33.6% | $863.35 Million | $2.57 Billion | $1.71 Billion | ▼ -5.6 pp |
| 2006 | 39.1% | $743.37 Million | $1.90 Billion | $1.16 Billion | ▼ -5.7 pp |
| 2005 | 44.9% | $569.32 Million | $1.27 Billion | $699.43 Million | ▼ -6.4 pp |
| 2004 | 51.2% | $484.45 Million | $945.46 Million | $461.00 Million | ▼ -1.8 pp |
| 2003 | 53.1% | $390.65 Million | $735.85 Million | $345.20 Million | ▼ -2.8 pp |
| 2002 | 55.9% | $300.16 Million | $537.14 Million | $236.98 Million | ▼ -9.8 pp |
| 2001 | 65.6% | $286.83 Million | $436.99 Million | $150.16 Million | ▼ -12.3 pp |
| 2000 | 77.9% | $250.74 Million | $321.89 Million | $71.15 Million | ▼ -4.2 pp |
| 1999 | 82.1% | $189.10 Million | $230.40 Million | $41.30 Million | ▲ +9.1 pp |
| 1998 | 73.0% | $134.70 Million | $184.50 Million | $49.80 Million | ▲ +2.9 pp |
| 1997 | 70.1% | $147.90 Million | $211.00 Million | $63.10 Million | ▲ +18.0 pp |
| 1996 | 52.1% | $75.20 Million | $144.30 Million | $69.10 Million | ▼ -16.9 pp |
| 1995 | 69.0% | $66.30 Million | $96.10 Million | $29.80 Million | ▼ -4.8 pp |
| 1994 | 73.8% | $66.00 Million | $89.40 Million | $23.40 Million | ▼ -3.9 pp |
| 1993 | 77.8% | $63.60 Million | $81.80 Million | $18.20 Million | ▼ -3.1 pp |
| 1992 | 80.9% | $61.40 Million | $75.90 Million | $14.50 Million | ▲ +23.1 pp |
| 1991 | 57.8% | $31.10 Million | $53.80 Million | $22.70 Million | ▼ -10.4 pp |
| 1990 | 68.2% | $27.50 Million | $40.30 Million | $12.80 Million | — |