First Quantum Minerals Ltd (FM) — Net Asset Quality Index
First Quantum Minerals Ltd (FM) has a Net Asset Quality Index of 44.2% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$25.24 Billion minus total liabilities of CA$14.07 Billion yields net assets of CA$11.16 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check FM asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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 December 2025, the index stands at 44.2%, representing net assets of CA$11.16 Billion against total assets of CA$25.24 Billion CAD. See FM working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
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. For market capitalisation and the full company profile, see FM market cap.
| 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 | — |