First Helium Inc (HELI) — Net Asset Quality Index
First Helium Inc (HELI) has a Net Asset Quality Index of 74.2% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$15.62 Million minus total liabilities of CA$4.02 Million yields net assets of CA$11.60 Million. A higher index indicates a stronger, lower-leverage balance sheet. See defensive interval ratio of First Helium Inc to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
First Helium Inc Net Asset Quality Index Over Time (2020–2025)
This chart shows how First Helium Inc's Net Asset Quality Index has evolved across 6 annual periods from 2020 to 2025. As of September 2025, the index stands at 74.2%, representing net assets of CA$11.60 Million against total assets of CA$15.62 Million CAD. Explore HELI cash generation efficiency to assess how effectively this company generates cash.
Annual Net Asset Quality Index for First Helium Inc (2020–2025)
The table below presents the year-by-year Net Asset Quality Index for First Helium Inc from 2020 to 2025, covering 6 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 HELI market cap.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 69.2% | CA$11.52 Million | CA$16.65 Million | CA$5.13 Million | ▼ -14.9 pp |
| 2024 | 84.1% | CA$13.63 Million | CA$16.22 Million | CA$2.59 Million | ▲ +0.4 pp |
| 2023 | 83.7% | CA$14.28 Million | CA$17.07 Million | CA$2.79 Million | ▲ +1.2 pp |
| 2022 | 82.5% | CA$16.76 Million | CA$20.31 Million | CA$3.55 Million | ▲ +7.1 pp |
| 2021 | 75.4% | CA$11.90 Million | CA$15.79 Million | CA$3.89 Million | ▲ +44.6 pp |
| 2020 | 30.8% | CA$663.48K | CA$2.16 Million | CA$1.49 Million | — |