Southwest Gas Holdings Inc (SWX) — Net Asset Quality Index
Southwest Gas Holdings Inc (SWX) has a Net Asset Quality Index of 39.4% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $10.41 Billion minus total liabilities of $6.30 Billion yields net assets of $4.10 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check SWX asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
Southwest Gas Holdings Inc Net Asset Quality Index Over Time (1994–2025)
This chart shows how Southwest Gas Holdings Inc's Net Asset Quality Index has evolved across 32 annual periods from 1994 to 2025. As of March 2026, the index stands at 39.4%, representing net assets of $4.10 Billion against total assets of $10.41 Billion USD. See SWX current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for Southwest Gas Holdings Inc (1994–2025)
The table below presents the year-by-year Net Asset Quality Index for Southwest Gas Holdings Inc 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 Southwest Gas Holdings Inc (SWX) market capitalisation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 38.0% | $3.96 Billion | $10.43 Billion | $6.47 Billion | ▲ +7.3 pp |
| 2024 | 30.7% | $3.69 Billion | $12.02 Billion | $8.33 Billion | ▲ +1.9 pp |
| 2023 | 28.8% | $3.41 Billion | $11.87 Billion | $8.46 Billion | ▲ +4.4 pp |
| 2022 | 24.4% | $3.22 Billion | $13.20 Billion | $9.98 Billion | ▼ -0.3 pp |
| 2021 | 24.7% | $3.15 Billion | $12.77 Billion | $9.61 Billion | ▼ -7.8 pp |
| 2020 | 32.5% | $2.84 Billion | $8.74 Billion | $5.90 Billion | ▲ +0.8 pp |
| 2019 | 31.7% | $2.59 Billion | $8.17 Billion | $5.58 Billion | ▼ 0.0 pp |
| 2018 | 31.7% | $2.33 Billion | $7.36 Billion | $5.02 Billion | ▲ +2.7 pp |
| 2017 | 29.1% | $1.81 Billion | $6.24 Billion | $4.42 Billion | ▼ -1.1 pp |
| 2016 | 30.2% | $1.68 Billion | $5.58 Billion | $3.90 Billion | ▲ +0.2 pp |
| 2015 | 30.0% | $1.61 Billion | $5.36 Billion | $3.75 Billion | ▲ +1.1 pp |
| 2014 | 28.9% | $1.51 Billion | $5.21 Billion | $3.71 Billion | ▼ -2.1 pp |
| 2013 | 30.9% | $1.41 Billion | $4.57 Billion | $3.15 Billion | ▲ +1.8 pp |
| 2012 | 29.2% | $1.31 Billion | $4.49 Billion | $3.18 Billion | ▲ +0.5 pp |
| 2011 | 28.6% | $1.23 Billion | $4.28 Billion | $3.05 Billion | ▼ -0.6 pp |
| 2010 | 29.3% | $1.17 Billion | $3.98 Billion | $2.82 Billion | ▲ +1.1 pp |
| 2009 | 28.2% | $1.10 Billion | $3.91 Billion | $2.80 Billion | ▲ +1.0 pp |
| 2008 | 27.2% | $1.04 Billion | $3.82 Billion | $2.78 Billion | ▲ +0.4 pp |
| 2007 | 26.8% | $983.67 Million | $3.67 Billion | $2.69 Billion | ▲ +0.9 pp |
| 2006 | 25.9% | $901.42 Million | $3.48 Billion | $2.58 Billion | ▲ +2.6 pp |
| 2005 | 23.3% | $751.13 Million | $3.23 Billion | $2.48 Billion | ▼ -0.8 pp |
| 2004 | 24.0% | $705.68 Million | $2.94 Billion | $2.23 Billion | ▼ -0.2 pp |
| 2003 | 24.2% | $630.47 Million | $2.61 Billion | $1.98 Billion | ▼ -3.4 pp |
| 2002 | 27.6% | $656.17 Million | $2.38 Billion | $1.72 Billion | ▲ +1.4 pp |
| 2001 | 26.2% | $621.20 Million | $2.37 Billion | $1.75 Billion | ▼ -0.4 pp |
| 2000 | 26.6% | $593.47 Million | $2.23 Billion | $1.64 Billion | ▼ -2.8 pp |
| 1999 | 29.4% | $565.40 Million | $1.92 Billion | $1.36 Billion | ▲ +0.1 pp |
| 1998 | 29.3% | $536.40 Million | $1.83 Billion | $1.29 Billion | ▲ +4.1 pp |
| 1997 | 25.2% | $446.00 Million | $1.77 Billion | $1.32 Billion | ▼ -3.0 pp |
| 1996 | 28.2% | $439.60 Million | $1.56 Billion | $1.12 Billion | ▲ +1.0 pp |
| 1995 | 27.2% | $416.10 Million | $1.53 Billion | $1.12 Billion | ▲ +16.0 pp |
| 1994 | 11.1% | $343.10 Million | $3.09 Billion | $2.75 Billion | — |