Qantas Airways Ltd (QAN) - Net Assets

Latest as of December 2025: AU$1.35 Billion AUD

Based on the latest financial reports, Qantas Airways Ltd (QAN) has net assets worth AU$1.35 Billion AUD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$23.89 Billion) and total liabilities (AU$22.55 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets AU$1.35 Billion
% of Total Assets 5.65%
Annual Growth Rate -3.23%
5-Year Change 76.75%
10-Year Change -75.98%
Growth Volatility 511.97

Qantas Airways Ltd - Net Assets Trend (1994–2025)

This chart illustrates how Qantas Airways Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Qantas Airways Ltd (1994–2025)

The table below shows the annual net assets of Qantas Airways Ltd from 1994 to 2025.

Year Net Assets Change
2025-06-30 AU$783.00 Million +166.33%
2024-06-30 AU$294.00 Million +2840.00%
2023-06-30 AU$10.00 Million +105.26%
2022-06-30 AU$-190.00 Million -142.89%
2021-06-30 AU$443.00 Million -70.97%
2020-06-30 AU$1.53 Billion -49.37%
2019-06-30 AU$3.01 Billion -23.79%
2018-06-30 AU$3.96 Billion +11.72%
2017-06-30 AU$3.54 Billion +8.59%
2016-06-30 AU$3.26 Billion -5.43%
2015-06-30 AU$3.45 Billion +20.27%
2014-06-30 AU$2.87 Billion -50.92%
2013-06-30 AU$5.84 Billion -0.83%
2012-06-30 AU$5.89 Billion -4.26%
2011-06-30 AU$6.15 Billion +2.84%
2010-06-30 AU$5.98 Billion +3.75%
2009-06-30 AU$5.76 Billion +0.52%
2008-06-30 AU$5.73 Billion -7.43%
2007-06-30 AU$6.20 Billion +1.87%
2006-06-30 AU$6.08 Billion -5.38%
2005-06-30 AU$6.43 Billion +10.04%
2004-06-30 AU$5.84 Billion +10.99%
2003-06-30 AU$5.26 Billion +23.71%
2002-06-30 AU$4.25 Billion +28.28%
2001-06-30 AU$3.32 Billion +15.76%
2000-06-30 AU$2.86 Billion -6.39%
1999-06-30 AU$3.06 Billion +3.29%
1998-06-30 AU$2.96 Billion +10.91%
1997-06-30 AU$2.67 Billion +9.62%
1996-06-30 AU$2.44 Billion +6.97%
1995-06-30 AU$2.28 Billion +5.15%
1994-06-30 AU$2.17 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Qantas Airways Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 113.7% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Common Stock AU$886.00 Million 113.88%
Other Comprehensive Income AU$117.00 Million 15.04%
Total Equity AU$778.00 Million 100.00%

Qantas Airways Ltd Competitors by Market Cap

The table below lists competitors of Qantas Airways Ltd ranked by their market capitalization.

Company Market Cap
Trade Desk Inc
NASDAQ:TTD
 		$9.73 Billion
Alibaba Health Information Technology Limited
STU:TWY
 		$9.73 Billion
Akbank TAS
IS:AKBNK
 		$9.73 Billion
Sanan Optoelectronics Co Ltd
SHG:600703
 		$9.74 Billion
Getlink SE
PA:GET
 		$9.72 Billion
OGE Energy Corporation
NYSE:OGE
 		$9.71 Billion
Texas Pacific Land Trust
NYSE:TPL
 		$9.71 Billion
Hensoldt AG
F:HAG
 		$9.67 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Qantas Airways Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 289,000,000 to 778,000,000, a change of 489,000,000 (169.2%).
  • Net income of 1,605,000,000 contributed positively to equity growth.
  • Dividend payments of 400,000,000 reduced retained earnings.
  • Share repurchases of 581,000,000 reduced equity.
  • Other comprehensive income decreased equity by 207,000,000.
  • Other factors increased equity by 72,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$1.60 Billion +206.3%
Dividends Paid AU$400.00 Million -51.41%
Share Repurchases AU$581.00 Million -74.68%
Other Comprehensive Income AU$-207.00 Million -26.61%
Other Changes AU$72.00 Million +9.25%
Total Change AU$- 169.20%

Book Value vs Market Value Analysis

This analysis compares Qantas Airways Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 18.02x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has increased from 3.97x to 18.02x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-06-30 AU$2.29 AU$9.08 x
1995-06-30 AU$2.40 AU$9.08 x
1996-06-30 AU$2.53 AU$9.08 x
1997-06-30 AU$2.68 AU$9.08 x
1998-06-30 AU$2.65 AU$9.08 x
1999-06-30 AU$2.67 AU$9.08 x
2000-06-30 AU$2.50 AU$9.08 x
2001-06-30 AU$2.77 AU$9.08 x
2002-06-30 AU$3.05 AU$9.08 x
2003-06-30 AU$3.25 AU$9.08 x
2004-06-30 AU$3.42 AU$9.08 x
2005-06-30 AU$3.65 AU$9.08 x
2006-06-30 AU$3.36 AU$9.08 x
2007-06-30 AU$3.33 AU$9.08 x
2008-06-30 AU$3.16 AU$9.08 x
2009-06-30 AU$2.92 AU$9.08 x
2010-06-30 AU$2.79 AU$9.08 x
2011-06-30 AU$2.89 AU$9.08 x
2012-06-30 AU$2.77 AU$9.08 x
2013-06-30 AU$2.76 AU$9.08 x
2014-06-30 AU$1.38 AU$9.08 x
2015-06-30 AU$1.67 AU$9.08 x
2016-06-30 AU$1.56 AU$9.08 x
2017-06-30 AU$1.91 AU$9.08 x
2018-06-30 AU$2.24 AU$9.08 x
2019-06-30 AU$1.84 AU$9.08 x
2020-06-30 AU$1.00 AU$9.08 x
2021-06-30 AU$0.23 AU$9.08 x
2022-06-30 AU$-0.10 AU$9.08 x
2023-06-30 AU$0.00 AU$9.08 x
2024-06-30 AU$0.17 AU$9.08 x
2025-06-30 AU$0.50 AU$9.08 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Qantas Airways Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 206.30%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.74%
  • • Asset Turnover: 1.02x
  • • Equity Multiplier: 30.02x
  • Recent ROE (206.30%) is below the historical average (1097.58%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 -0.01% 0.00% 0.79x 3.79x AU$-216.72 Million
1995 -0.01% 0.00% 0.80x 3.92x AU$-227.86 Million
1996 -0.02% -0.01% 0.82x 3.79x AU$-243.98 Million
1997 9.47% 3.04% 0.84x 3.71x AU$-14.20 Million
1998 -0.01% 0.00% 0.00x 3.50x AU$-296.24 Million
1999 0.02% 0.00% 0.00x 3.67x AU$-305.19 Million
2000 -0.02% -0.01% 0.76x 4.19x AU$-286.88 Million
2001 -0.13% -0.05% 0.73x 3.79x AU$-334.83 Million
2002 -0.03% -0.01% 0.73x 3.49x AU$-425.50 Million
2003 -0.06% -0.03% 0.63x 3.23x AU$-527.88 Million
2004 -0.01% 0.00% 0.61x 3.02x AU$-582.96 Million
2005 -0.01% -0.01% 0.69x 2.82x AU$-643.07 Million
2006 7.89% 3.81% 0.66x 3.16x AU$-128.12 Million
2007 10.87% 4.80% 0.71x 3.17x AU$53.69 Million
2008 16.91% 6.54% 0.75x 3.44x AU$395.88 Million
2009 2.05% 0.90% 0.65x 3.50x AU$-455.10 Million
2010 1.89% 0.88% 0.64x 3.35x AU$-481.90 Million
2011 4.07% 1.75% 0.68x 3.39x AU$-364.70 Million
2012 -4.16% -1.61% 0.72x 3.60x AU$-833.50 Million
2013 0.02% 0.01% 0.79x 3.43x AU$-582.50 Million
2014 -99.34% -18.76% 0.88x 6.05x AU$-3.13 Billion
2015 16.18% 3.59% 0.89x 5.09x AU$212.80 Million
2016 31.61% 6.52% 0.94x 5.13x AU$703.50 Million
2017 24.09% 5.43% 0.91x 4.87x AU$498.30 Million
2018 24.80% 5.83% 0.90x 4.72x AU$584.80 Million
2019 29.59% 5.06% 0.86x 6.82x AU$589.90 Million
2020 -128.96% -13.97% 0.70x 13.15x AU$-2.12 Billion
2021 -384.55% -31.42% 0.30x 40.47x AU$-1.74 Billion
2022 0.00% -9.89% 0.44x 0.00x AU$-840.30 Million
2023 34920.00% 8.94% 0.96x 4070.80x AU$1.75 Billion
2024 434.26% 5.81% 1.05x 71.16x AU$1.23 Billion
2025 206.30% 6.74% 1.02x 30.02x AU$1.53 Billion

Industry Comparison

This section compares Qantas Airways Ltd's net assets metrics with peer companies in the Airlines industry.

Industry Context

  • Industry: Airlines
  • Average net assets among peers: $756,389,333
  • Average return on equity (ROE) among peers: -7.62%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Qantas Airways Ltd (QAN) AU$1.35 Billion -0.01% 16.71x $9.72 Billion
Air New Zealand Ltd (AIZ) $1.58 Billion 13.82% 2.19x $847.15 Million
Regional Express Holdings Ltd (REX) $102.47 Million 22.52% 0.54x $45.67 Million
Virgin Australia Holdings Ltd (VGN) $589.70 Million -59.20% 9.97x $1.41 Billion

About Qantas Airways Ltd

AU:QAN Australia Airlines
Market Cap
$9.72 Billion
AU$13.74 Billion AUD
Market Cap Rank
#2097 Global
#36 in Australia
Share Price
AU$9.08
Change (1 day)
-0.87%
52-Week Range
AU$8.15 - AU$12.12
All Time High
AU$12.12
Categories
Companies in Australia Airlines
About

Qantas Airways Limited provides air transportation services in Australia and internationally. The company operates through Qantas Domestic, Qantas International, Jetstar Group, and Qantas Loyalty segments. It offers cargo, passengers, and air freight services; and customer loyalty recognition programs. The company operates under the Qantas and Jetstar brands. Qantas Airways Limited was founded in… Read more