Defense Metals Corp (DEFN) — Net Asset Quality Index

Defense Metals Corp (DEFN) has a Net Asset Quality Index of 99.0% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$62.90 Million minus total liabilities of CA$628.65K yields net assets of CA$62.27 Million. A higher index indicates a stronger, lower-leverage balance sheet. See DEFN cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.