Sprott Physical Gold Trust (PHYS) — Net Asset Quality Index
Sprott Physical Gold Trust (PHYS) has a Net Asset Quality Index of 100.0% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$14.74 Billion minus total liabilities of CA$145.94K yields net assets of CA$14.74 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check PHYS operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Sprott Physical Gold Trust Net Asset Quality Index Over Time (2010–2025)
This chart shows how Sprott Physical Gold Trust's Net Asset Quality Index has evolved across 15 annual periods from 2010 to 2025. As of June 2026, the index stands at 100.0%, representing net assets of CA$14.74 Billion against total assets of CA$14.74 Billion CAD. See PHYS net asset value for net asset value and shareholders' equity analysis.
Annual Net Asset Quality Index for Sprott Physical Gold Trust (2010–2025)
The table below presents the year-by-year Net Asset Quality Index for Sprott Physical Gold Trust from 2010 to 2025, covering 15 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 live market cap and overall valuation, see PHYS market cap.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 100.0% | CA$15.98 Billion | CA$15.98 Billion | CA$3.30 Million | ▲ +0.0 pp |
| 2024 | 100.0% | CA$8.61 Billion | CA$8.61 Billion | CA$3.03 Million | ▼ 0.0 pp |
| 2023 | 100.0% | CA$6.53 Billion | CA$6.53 Billion | CA$126.00K | ▲ +0.0 pp |
| 2022 | 100.0% | CA$5.75 Billion | CA$5.75 Billion | CA$144.00K | ▼ 0.0 pp |
| 2021 | 100.0% | CA$5.01 Billion | CA$5.01 Billion | CA$40.00K | ▲ +0.0 pp |
| 2020 | 100.0% | CA$4.89 Billion | CA$4.89 Billion | CA$186.00K | ▲ +0.0 pp |
| 2019 | 100.0% | CA$2.46 Billion | CA$2.46 Billion | CA$424.72K | ▲ +0.0 pp |
| 2018 | 100.0% | CA$2.02 Billion | CA$2.03 Billion | CA$585.19K | ▼ 0.0 pp |
| 2017 | 100.0% | CA$2.26 Billion | CA$2.26 Billion | CA$303.11K | ▼ 0.0 pp |
| 2016 | 100.0% | CA$2.06 Billion | CA$2.06 Billion | CA$100.14K | ▲ +0.0 pp |
| 2015 | 100.0% | CA$1.24 Billion | CA$1.24 Billion | CA$347.45K | ▼ 0.0 pp |
| 2014 | 100.0% | CA$1.55 Billion | CA$1.55 Billion | CA$264.42K | ▼ 0.0 pp |
| 2012 | 100.0% | CA$2.73 Billion | CA$2.73 Billion | CA$67.57K | ▲ +0.0 pp |
| 2011 | 100.0% | CA$1.92 Billion | CA$1.92 Billion | CA$309.71K | ▲ +0.0 pp |
| 2010 | 100.0% | CA$1.17 Billion | CA$1.17 Billion | CA$223.04K | — |