SM Energy Co (SM) — Net Asset Quality Index
SM Energy Co (SM) has a Net Asset Quality Index of 51.9% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $9.09 Billion minus total liabilities of $4.38 Billion yields net assets of $4.71 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check SM Energy Co liquidity resilience to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
SM Energy Co Net Asset Quality Index Over Time (1990–2024)
This chart shows how SM Energy Co's Net Asset Quality Index has evolved across 35 annual periods from 1990 to 2024. As of September 2025, the index stands at 51.9%, representing net assets of $4.71 Billion against total assets of $9.09 Billion USD. See working capital position of SM Energy Co to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for SM Energy Co (1990–2024)
The table below presents the year-by-year Net Asset Quality Index for SM Energy Co from 1990 to 2024, covering 35 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 market cap of SM Energy Co.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (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 | — |