First Quantum Minerals Ltd (FM) — Net Asset Quality Index
First Quantum Minerals Ltd (FM) has a Net Asset Quality Index of 46.2% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$25.07 Billion minus total liabilities of CA$13.49 Billion yields net assets of CA$11.59 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read how much debt does First Quantum Minerals Ltd carry for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
First Quantum Minerals Ltd Net Asset Quality Index Over Time (1997–2025)
This chart shows how First Quantum Minerals Ltd's Net Asset Quality Index has evolved across 29 annual periods from 1997 to 2025. As of June 2026, the index stands at 46.2%, representing net assets of CA$11.59 Billion against total assets of CA$25.07 Billion CAD. For live market cap and overall valuation, see First Quantum Minerals Ltd market capitalisation.
Annual Net Asset Quality Index for First Quantum Minerals Ltd (1997–2025)
The table below presents the year-by-year Net Asset Quality Index for First Quantum Minerals Ltd from 1997 to 2025, covering 29 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. Check First Quantum Minerals Ltd (FM) strategic asset index to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 45.7% | CA$11.54 Billion | CA$25.24 Billion | CA$13.70 Billion | ▼ -3.7 pp |
| 2024 | 49.4% | CA$11.90 Billion | CA$24.11 Billion | CA$12.21 Billion | ▲ +4.0 pp |
| 2023 | 45.4% | CA$10.78 Billion | CA$23.76 Billion | CA$12.98 Billion | ▼ -3.4 pp |
| 2022 | 48.8% | CA$12.24 Billion | CA$25.08 Billion | CA$12.84 Billion | ▲ +3.3 pp |
| 2021 | 45.5% | CA$11.49 Billion | CA$25.27 Billion | CA$13.78 Billion | ▲ +4.1 pp |
| 2020 | 41.4% | CA$10.04 Billion | CA$24.24 Billion | CA$14.20 Billion | ▼ -1.7 pp |
| 2019 | 43.1% | CA$10.66 Billion | CA$24.75 Billion | CA$14.09 Billion | ▼ -2.5 pp |
| 2018 | 45.6% | CA$10.72 Billion | CA$23.54 Billion | CA$12.81 Billion | ▼ -1.3 pp |
| 2017 | 46.8% | CA$10.13 Billion | CA$21.62 Billion | CA$11.49 Billion | ▼ -6.0 pp |
| 2016 | 52.8% | CA$10.29 Billion | CA$19.48 Billion | CA$9.20 Billion | ▼ -4.3 pp |
| 2015 | 57.1% | CA$10.63 Billion | CA$18.62 Billion | CA$7.99 Billion | ▲ +0.5 pp |
| 2014 | 56.6% | CA$10.09 Billion | CA$17.82 Billion | CA$7.74 Billion | ▼ -2.1 pp |
| 2013 | 58.7% | CA$9.09 Billion | CA$15.47 Billion | CA$6.38 Billion | ▼ -19.3 pp |
| 2012 | 78.0% | CA$5.88 Billion | CA$7.54 Billion | CA$1.66 Billion | ▼ -0.6 pp |
| 2011 | 78.7% | CA$4.17 Billion | CA$5.30 Billion | CA$1.13 Billion | ▲ +19.2 pp |
| 2010 | 59.5% | CA$3.13 Billion | CA$5.26 Billion | CA$2.13 Billion | ▼ -3.5 pp |
| 2009 | 63.0% | CA$2.88 Billion | CA$4.56 Billion | CA$1.69 Billion | ▲ +6.0 pp |
| 2008 | 57.0% | CA$1.71 Billion | CA$3.00 Billion | CA$1.29 Billion | ▼ -10.1 pp |
| 2007 | 67.1% | CA$1.80 Billion | CA$2.68 Billion | CA$881.30 Million | ▲ +8.7 pp |
| 2006 | 58.4% | CA$1.17 Billion | CA$2.00 Billion | CA$829.11 Million | ▲ +13.7 pp |
| 2005 | 44.7% | CA$389.23 Million | CA$870.23 Million | CA$481.00 Million | ▲ +10.9 pp |
| 2004 | 33.8% | CA$160.03 Million | CA$473.06 Million | CA$313.03 Million | ▼ -19.0 pp |
| 2003 | 52.9% | CA$85.09 Million | CA$160.92 Million | CA$75.83 Million | ▼ -4.1 pp |
| 2002 | 57.0% | CA$55.72 Million | CA$97.83 Million | CA$42.11 Million | ▲ +25.5 pp |
| 2001 | 31.5% | CA$48.67 Million | CA$154.72 Million | CA$106.05 Million | ▲ +5.4 pp |
| 2000 | 26.1% | CA$33.56 Million | CA$128.58 Million | CA$95.02 Million | ▼ -15.7 pp |
| 1999 | 41.8% | CA$24.64 Million | CA$58.98 Million | CA$34.34 Million | ▲ +7.1 pp |
| 1998 | 34.7% | CA$22.96 Million | CA$66.19 Million | CA$43.24 Million | ▼ -10.4 pp |
| 1997 | 45.1% | CA$29.86 Million | CA$66.18 Million | CA$36.32 Million | — |